Pro forma financial statement example. If neither the monthly mortgage payment or interest rate is explicitly stated this is typically not the case and this information is usually provided in a pro forma we can use a mortgage calculator to figure out the exact terms. Types of events requiring article 11 pro forma financial information. The fields that are automatically calculated as shown in bold below.
From the pro forma we know that the downpayment was 25 of the purchase price. In ralph estess dictionary of accounting mit cambridge 1981 p. Article 11 pro forma financial information is required when events occur or conditions exist for which disclosure would be material to investors.
Financial pg 1 1 planning and forecasting version 10 1. Accounting budgeting and financial management budgeting and financial accounting. Sec financial reporting series pro forma financial information a guide for applying article 11 of regulation s x september 2015.
A financial plan contains short and long term financial projections for a small or large business. John rollins yale university press the aaup business handbook part two. Balance sheet all inputs are marked with the symbol.
Financial planning and forecasting 11 pro forma financial statements financial statements projections and forecasting are very common in corporate financial analysis. What are pro forma financial statements. A pro forma financial statement is one based on certain assumptions and projections.
The pro forma accounting is a statement of the companys financial activities while excluding unusual and nonrecurring transactions when stating how much money the company actually madeexpenses often excluded from pro forma results include company restructuring costs a decline in the value of the companys investments or other accounting charges such as adjusting the current.