All About ProForma Accounting
- Topics:
- Financial Statements
- Tags:
- Asset Management,
- Financial Statements,
- Financial Statement,
- Financial Planning,
- Financial Accounting,
- Financial,
- Finance,
- Earnings,
- Certified Public Accountant,
- Business Operations,
- ...
- Source:
- The CPA Journal
FREE Registration is required
Overview: The use of proforma earnings has become commonplace as companies seek to redefine the benchmark against which they are to be evaluated. These proforma earnings purposely portray better operating results by excluding transitory items such as asset write-offs. The term has been used in financial reporting to enhance comparability in time series measures. In that sense, companies contend that their alternative earnings metrics offer more comparable results than GAAP measures, which include the effects of anomalous, nonrecurring items such as restructuring charges and gains and losses on the sales of assets. With no accepted definition of proforma earnings, financial statement users cannot confidently compare numbers across different companies.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Apr 2002 | Pages: 1
People who downloaded this item also downloaded
 |
Is Drug Testing An Invasion Of Privacy? |
 |
Pro-Forma Income Statement |
|
Pro-Forma Balance Sheet |
|
Cash Budget |
|
Cash Flow Budget Worksheet |
