Pro Forma Financial Statements: A Comprehensive Guide
That means that you shouldn’t base huge decisions purely upon a pro forma statement. This is because there is always a possibility that the scenarios you have projected could be wildly inaccurate. In financial accounting, the term pro forma would refer to a report of the...
Horizontal Analysis of Financial Statements
In other words, one can take year-on-year or quarter-on-quarter growth rates of all the items of the income statement or the balance sheet – based on the historical data. For example, in the income statement, we can, based on horizontal analysis formula historical data and...