pro forma statement
Pro forma statement
A financial statement showing the forecast or projected operating results and balance sheet, as in pro forma income statements, balance sheets, and statements of cash flows.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Pro Forma Financial Statement
A financial statement that a company prepares to consider the effects of a potential activity. For example, if a company is considering acquiring another, it may prepare a pro forma financial statement to estimate what effect the acquisition would have on its own financial circumstances. A pro forma financial statement can be part of the risk analysis of a situation. See also: Due diligence.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
pro forma statement
Anticipated revenues and expenses of a business. Development projects will include a pro forma statement (pro forma for short) for each month or quarter until the project reaches stabilized occupancy,and then a separate pro forma for a representative 12 months at stabilized occupancy.Many developers prepare three pro formas for every project:best case,worst case, and most likely case.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.