pro forma financial statements
Pro forma financial statements are a set of financial statements (usually an income statement, balance sheet, and statement of cash flow) designed to exhibit future financial results.
Additional Information
They are created using known (or sometimes assumed) input data (usually expenses), along with an estimated amount of revenue, to project an estimated amount of earnings. These statements are commonly used for new risk funding programs such as captives and risk retention groups (RRPs).
Synonyms
projected financial statements
