Please respond to the following: Explain the difference between financial

Please respond to the following:

  • Explain the difference between financial statements and pro forma financial statements. Describe how these statements are developed and used in financial management and planning.

note from professor: According to Advani (2012) financial statements consist of the normal balance sheet, income statement and cash flow statement. To be more detailed financial statements are any of the forms that can be publicly filed such as the 10-K, Annual Report, Proxy Statements, 10-Q, Form 8-K and Form 144. Pro Forma statements in general are just adjusted financial statements that fall into two categories:

  1. Adjusted Earnings
  2. Projections

In essence Pro forma Statements are mostly used for forecasting and planning. I will leave you with this small bit of information so that you can expand on the second part of the question.

References:

Advani, R., & Greene, D. (2012). The Wall Street MBA. McGraw-Hill.

Table of Contents

Calculate your order
Pages (275 words)
Standard price: $0.00

Latest Reviews

Impressed with the sample above? Wait there is more

Related Questions

Articulating a problem and its details

Grade Details GradeN/A Gradebook Comments None Assignment Details Open DateDec 2, 2019 12:05 AMGraded?YesPoints Possible100.0Resubmissions Allowed?NoAttachments checked for originality?Yes Assignment Instructions Instructions: Be sure to read

Bacterial and Fungi

 Description Topic: Bacterial and fungal growth in Breast milk of lactating women with breast and / or Nipple pain. The style should Harvard Style, Citation

How it protects patient privacy

Assignment: Log into Practice Fusion www.practicefusion.com, the free Internet based EHR Log into www.practicefusion.com and create an account as a student user Click on the help tab at

Incident involving ineffective communication

Week7 From moment to moment, a nurse leader’s day involves communication—with patients, families, colleagues, supervisors, and so on. Think of a particular day you spent

New questions

Don't Let Questions or Concerns Hold You Back - Make a Free Inquiry Now!