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What are pro forma financial statements?

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تم إضافة السؤال من قبل Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
تاريخ النشر: 2016/04/22
Mohammed Shahsad
من قبل Mohammed Shahsad , Freelance Travel Consultant , Freelancing

it is projected balance sheet statement, Income statement and statement of cash flows.

Frank Mwansa
من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

A pro forma financial statement is one based on certain assumptions and projections. for example , a company might want to see the effects of three different financing options. Therefore, the company prepares projected balance sheets, income statements and statements of cash flows.

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