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(Ref: Advt. No. AUD/39(24)/AF/2013 Dated 06.08.2013)PRO FORMA 3APPLICATION FORM FOR ACADEMIC FELLOW Note 1. Fill in application in block letters or type. 2. Attach separate page(s) in case of insufficient
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How to fill out pro forma 3

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How to fill out pro forma 3

01
To fill out pro forma 3, follow these steps:
02
Start by gathering all the necessary financial information and data for the pro forma statement.
03
Begin with the header section, which includes the name of the business, the date of the pro forma statement, and any other relevant information.
04
Next, list all the sources of revenue for the specific period being covered by the pro forma statement. Include details about the nature of the revenue and any assumptions made.
05
Deduct any applicable costs of goods sold (COGS) from the revenue to calculate the gross profit.
06
List all the operating expenses, such as salaries, rent, utilities, marketing expenses, etc. Deduct these expenses from the gross profit to calculate the operating profit or loss.
07
Include any non-operating income or expenses, such as interest income or interest expense. Add or subtract these amounts to the operating profit to get the net profit or loss before taxes.
08
Calculate the amount of taxes payable based on the net profit or loss before taxes. Deduct the taxes from the net profit or add them to the net loss to calculate the net profit or loss after taxes.
09
Finally, present the pro forma statement in a clear and organized manner, making sure to include any necessary notes or explanations.
10
Remember to double-check all calculations and ensure the accuracy of the information before finalizing the pro forma 3 statement.

Who needs pro forma 3?

01
Pro forma 3 is typically needed by businesses or individuals who are preparing financial forecasts or projections.
02
It is commonly used by entrepreneurs, startups, and existing businesses to estimate future financial performance and assess the viability of their business plans.
03
Investors and lenders may also require pro forma 3 statements as part of their due diligence process when evaluating investment opportunities or loan applications.
04
Overall, anyone who wants to analyze and understand the potential financial outcomes of a business venture can benefit from using pro forma 3 statements.
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Pro forma 3 is a financial document that provides a projected financial statement based on certain assumptions and hypothetical events.
Companies and organizations that are undergoing significant changes, such as mergers, acquisitions, or public offerings, are required to file pro forma 3.
Pro forma 3 can be filled out by using historical financial data and making necessary adjustments for the expected changes or events.
The purpose of pro forma 3 is to provide stakeholders with an estimate of how a company's financials would look like under specific circumstances.
Pro forma 3 must include details on the assumptions made, adjustments done to the financial data, and the impact of the anticipated events.
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