A pro-forma forecast is based on income statements, balance sheet and statement of cash flow. Pro-forma projections do not typically follow Generally Accepted Accounting Principles (GAAP). There are ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

Entrepreneurs usually create pro forma statements to project future financial returns from new business ventures. Pro forma statements are commonly included in the entrepreneur's business plan. These ...

Accurate budgeting can make or break a business. An operating budget provides an overview of the costs of running your business, predicting your company's daily expenses and income. A pro forma -- ...

On May 21, 2020, the Securities and Exchange Commission (the “SEC”) adopted amendments to the financial disclosure requirements in Regulation S-X (the SEC’s accounting rules for the form and content ...