![]() ![]() Pro forma statements look like regular statements, except they’re based on what ifs, not real financial results. There are three major pro forma statements: They’re a way for you to test out situations you think may happen in the future to help you make business decisions. When it comes to accounting, pro forma statements are financial reports for your business based on hypothetical scenarios. ![]() ![]() Pro forma is actually a Latin term meaning “for form” (or today we might say “for the sake of form, as a matter of form”). Made or carried out in a perfunctory manner or as a formalityīased on financial assumptions or projections According to Merriam-Webster, “pro forma” means: ![]()
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