Pro forma statement

Pro forma statement,

Definition of Pro forma statement:

  1. Projected or estimated financial statement that attempts to present a reasonably accurate idea of what a firms financial situation would be if the present trends continue or certain assumptions hold true. Pro forma statements are used routinely in preparing what if scenarios, formulating business plans, estimating cash requirements, or when submitting financing proposals. Also called projected statement.

Meaning of Pro forma statement & Pro forma statement Definition