Pro forma financial statements, Accounting Basics

Pro forma Financial Statements

In accounting, a financial statement in which the amounts begin are fully or partially estimates; from the Latin for "as a matter of form." For example, an organization making a change in accounting principle must prepare pro forma financial statements estimating what the previous year's earnings would have been if the new principle had been in use. Basically, organization also discloses the underlying assumptions of any pro forma statement.

Posted Date: 10/16/2012 8:08:41 AM | Location : United States







Related Discussions:- Pro forma financial statements, Assignment Help, Ask Question on Pro forma financial statements, Get Answer, Expert's Help, Pro forma financial statements Discussions

Write discussion on Pro forma financial statements
Your posts are moderated
Related Questions
The Dividends account increases (debited) as well as an asset cash decreases (credited) by USD 3000. Transaction 15 brings to a close the analysis of the Micro Train Company transa

office supplies on hand at year end amounted to 3000

Explain the term- Reversing entries and Interim statements Reversing entries - Made the first day of new accounting period. They are exact opposite of the adjusting entries



Jane and Walt form Orange Corporation. Jane transfers equipment worth $475,000 (basis of $100,000) and cash of $25,000 to Orange Corporation for 50% of its stock. Walt transfers

What is the end-of-period worksheet Show Trial Balance-debits MUST EQUAL credits Show Adjustments-debits MUST EQUAL credits Carry adjustments forward to Adjusted Trial Ba

What does receiving a bid do to your business records?

Q. What do you mean by Not-for-profit organizations? Not-for-profit organizations such like charities, fraternities, churches, and universities need accountants to record and a