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1What are examples of pro forma financial statements? How are they used? 2. Discuss the differences between...

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Finance

1What are examples of pro forma financial statements? How arethey used?

2. Discuss the differences between GAAP financial statements andpro forma statements?

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1 Pro forma financial statements are being used by the analysts and management to make financial decisionsA pro forma financial statement is prepared on certain assumptions and projections in order to ascertain the impact of certain financial situation on the financial statements of the company Therefore these are not real financial statements but are prepared to check the impact that certain transactions and events may have on    See Answer
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1What are examples of pro forma financial statements? How arethey used?2. Discuss the differences between GAAP financial statements andpro forma statements?

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