Legal Question in Business Law in Wisconsin
Pro Forma operating statement
What is a pro forma operating statement for a new business? Is it the same or similar to an income statement?
Asked on 4/29/02, 6:55 pm
1 Answer from Attorneys
Thomas Schober
Schober Schober & Mitchell, S.C.
Re: Pro Forma operating statement
You are on the right path. Usually, a pro forma
refers to projected financial statements. A basic
pro forma would be the income statement, sometimes
referred to as the "P&L" or "Profit and Loss" Statement.
A complete pro forma would include projected Balance Sheets,
together with projected cash flow statements, working
capital projections, and the like.
Answered on 4/29/02, 9:13 pm
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