title: The utility of Pro Forma Income Statements.
abstract: Recent headlines surrounding the financial demise of the nation's seventh largest company, Enron, and its subsequent entanglements with its accounting and consulting firm, Arthur Andersen, have placed a cloud of suspicion upon many reasonable business practices that otherwise are considered standard procedure. The proforma income statement is one of those practices. An oft-used tool in financial management, pro formas play a useful role for projecting financial performance based on predictable forecasts or assumptions. Regardless of the current scrutiny, there is still a valid use for accurately prepared statements.
authors.affiliation: mreiboldt@cokergroup.com
authors.forename: Max
authors.initials: M
authors.lastname: Reiboldt
authors.forename: John
authors.initials: J
authors.lastname: Reiboldt
mesh_terms: D000066:Accounting / Q000592:standards*; D002202:Capital Financing; D003365:Costs and Cost Analysis; D004469:Economics, Hospital; D005376:Financial Management / Q000379:methods*; D005544:Forecasting; D006801:Humans; D007182:Income; D010934:Planning Techniques; D011216:Practice Management, Medical / Q000191:economics / Q000592:standards*