Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

While historical financial statements are built on facts, pro forma statements are a result of assumptions. A company's protected financial status is used to paint a picture of what the financial ...

A pro-forma forecast is based on income statements, balance sheet and statement of cash flow. Pro-forma projections do not typically follow Generally Accepted Accounting Principles (GAAP). There are ...

Accurate budgeting can make or break a business. An operating budget provides an overview of the costs of running your business, predicting your company's daily expenses and income. A pro forma -- ...

Other comprehensive income (OCI) is a term used in business accounting to define transactions that aren't yet realized. These figures include revenues, expenses, gains, and losses—all of which are ...