Pro forma financial statements, Accounting Basics

Assignment Help:

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.


Related Discussions:- Pro forma financial statements

What is invoice, Q. What is invoice? An invoice is a document prepared ...

Q. What is invoice? An invoice is a document prepared by the seller of merchandise as well as sent to the buyer. The invoice contains the details of a sale such like the number

What is differences in access to financial information, What is differences...

What is differences in access to financial information Distinction between the two areas of accounting reflects, to some extent, differences in access to financial information.

Accounting as an information system, As discussing the scope of accounting ...

As discussing the scope of accounting you should have observed here the accounting involves a sequence of activities connected with each other, starting along with the collecting,

Which of the following about debits and credits is false, Which of the foll...

Which of the following about debits and credits is false? A. Credits increase revenues, gains and bonds payable B. Debits increase salaries expense and prepaid expenses (prepayment

Service revenue earned on account, Service revenue earned on account M...

Service revenue earned on account Metro performed courier deliverance services for a customer who agreed to pay USD 900 at a later date. The company approved credit rather tha

Fundamental manual accounting system, Q. Fundamental manual accounting syst...

Q. Fundamental manual accounting system? Those planning on a public accounting career must do more than just learn accounting. To develop the essential skills a broad education

Instalments basis of revenue recognition, Q. Instalments basis of revenue r...

Q. Instalments basis of revenue recognition? When accumulating the selling price of goods sold in monthly or annual instalments and considerable doubt exists as to collectabili

Journal, Why to and by using in journal, trading a/c, p&l a/c and ledger?

Why to and by using in journal, trading a/c, p&l a/c and ledger?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd