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
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios.

Q. Explain about delivery expense? When shipping goods FOB destination freight prepaid the seller is accountable for and pays the freight bill. For the reason that the seller c

Accounting supposes that the business as an accounting entity will continue to operate for a long time in the future, unless there is superior evidence to the contrary. The enterpr

norman co borrows $15,000 with a 8%interest 38,000 account receivable paid $26,000 salary

Accrual basis of accounting means that the costs or revenues of events are renowned in the period in which they happens; by the cash flows may take place in another accounting peri

Q. Describe about adjunct account? The Transportation-In account files the inward freight costs of acquiring merchandise. Transportation-In is an adjunct account in that it is

basic problems about ledger

A document or shape used by a customer to issue an order for goods or services. I need notes on 1.Procure to pay cycle with accounting entries 2.give to cash

Explain any two concepts of accounting with examples

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4