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Proforma Statements:

What planning functions do pro forma statements support? a. Assess whether anticipated performance is in line with its established targets b. Anticipate the amount of funding needed to achieve its forecasted sales growth c. Estimate effects of changes in assumptions of key numbers

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Question added by Anayatullah Tahir , Finance Manager , Etqan Projects
Date Posted: 2014/03/23
Abid Waheed
by Abid Waheed

Both three options are technically correct but the last one (option c) is more closely fit the planning function since it adresses the simulation effect of financial forecasting and anticipated performance.

 

Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

All the three are correct

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