Pro forma

Pro forma

The objective of pro forma financial information is to show effects on historical financial information as if a proposed event had occurred earlier.

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Part of Speech: noun
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Industry/Domain: Accounting
Category: Auditing
Company: AIS
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Related terms

pro forma

Convention; Conferences

Financial forms (invoices, profit and loss statements, balance sheets, etc. ) based on future expectations; provided or made in advance to describe items or projections.

pro forma

Accounting; Auditing

The objective of pro forma financial information is to show effects on historical financial information as if a proposed event had occurred earlier.

pro forma

Financial services; Private equity

A Latin term meaning ‘for form’. Pro forma financial statements are prepared based upon certain assumptions. For example, if a company is raising funds in an offering in order to ...

pro forma

Energy; Natural gas

Latin for "for the sake of form." Used to describe gas pipeline tariff sheets submitted as part of a certificate application or as part of a tariff filing. When made as part of a ...

pro forma

Transportation; Shipping

A Latin term meaning “For the sake of form.”

pro formas or pro forma statements

Banking; Personal banking

Financial information, often just balance sheets, prepared by adjusting a recent financial report to show the effect of recent or planned changes. Projected financial statements.

share a term with millions

Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

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Accounting; Auditing

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segregation of duties

Accounting; Auditing

means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the ...

revenue cycle

Accounting; Auditing

The portion of a company that fills customer orders, accounts for receivables, and collects those receivables.

self-checking digit

Accounting; Auditing

An extra digit is added to a number. The extra digit is computed from the other digits in the number. The computer program can then check input by recomputing and comparing the ...

review

Accounting; Auditing

To examine again. The overall review of audit documentation is completed after field work. A peer review is a practice monitoring program in which audit documentation of one CPA ...

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