A set of figures projecting costs and income on a proposed new property Used as a basis for capitalization
When the specifics of a contract or service agreement are determined before the purchase
This Latin term refers to a presentation of data where certain amounts are hypothetical to provide investors with relevant comparisons
A financial statement of the gross income, operating costs and net operating costs and net operating income for a specified financial period,eg one year, using specified assumptions
A projection or estimate of what may result in the future from actions in the present A pro forma financial statement is one that shows how the actual operations of the business will turn out if certain assumptions are achieved
A projection or an estimate of future results caused by specific actions in the present A pro forma financial statement predicts how business will go if certain assumptions come about
In banking, a company's pro forma balance or earnings are their expected balance or earnings. if something is approved, accepted etc pro forma, this is part of the usual way of doing things and does not involve any actual choice or decision
A revenue projection showing anticipated costs and revenue for the period of the projection, generally not more than five years
The term is Latin for "as a matter of form " and is used on balance sheets and income statements to refer to data that is hypothetical For example, if company A buys company B mid-year, the year-end financials of Company A might show the current earnings results and the year ago results as Pro Forma - as if the two companies had been merged all along This gives a more relevant earnings comparison year over year
A manner of presentation intended to improve comparability of financial results; it assumes business purchases/dispositions were completed at the beginning of the earliest period discussed (i e , results are compared for all periods but only for businesses presently owned)
A foreign term literally meaning "For the sake of change" However, the term is usually used in project management to mean a standard way of working out some kind of financial calculation such as a project financial cost/benefit or investment return calculation
An item or document provided in advance in a pre-scribed form The association must provide a "pro forma" budget to the membership each year in advance of the start of the fiscal year This is an "estimate" of income and expenses for the coming year, usually based on the prior year or years income and costs