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RECORD OF PROCEEDING SIN THE CASE OF:BOARD DATE:6 April 2006DOCKET NUMBER: AR20050007590I certify that hereinafter is recorded the true and complete record of the proceedings of the Army Board for
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Pro forma is a Latin term meaning 'as a matter of form' and refers to a method of calculating financial results using certain assumptions or hypothetical conditions.
Companies or individuals that are undergoing a significant financial event such as a merger, acquisition, or initial public offering may be required to file pro forma financial statements.
To fill out pro forma, you need to make adjustments to actual financial statements based on hypothetical conditions or assumptions. This may involve excluding certain one-time expenses or revenues to show a more realistic financial picture.
The purpose of pro forma is to provide investors, analysts, and other stakeholders with a clearer understanding of a company's financial performance under certain conditions or scenarios.
Pro forma financial statements typically include adjusted income statements, balance sheets, and cash flow statements that show how financial results would have looked if certain events had occurred.
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