See also: In, pro forma are prepared in advance of a planned, such as a merger, an acquisition, a new capital investment, or a change in capital structure such as incurrence of new or issuance of. The requires in the United States to report US GAAP-based financial results, and has cautioned companies that using pro forma results to obscure US GAAP results would be considered if used to mislead investors. There was a boom in the reporting of pro forma results in the USA starting in the late 1990s, with many using the technique to recast their as, or at least to show smaller losses than the US accounting showed.
Expenses often excluded from pro forma results include company costs, a decline in the value of the company's investments, or other accounting charges, such as adjusting the current to fix faulty accounting practices in previous years.ĭownload an Inspection Test Plan Template and learn what to include in your ITP as part of your next quality control plan submittal.
