The Controllership Series - The Controller's Role in Pro Forma Financial Statements

Saturday, November 16, 2024
Webcast or Webinar, Online
11:00AM - 12:03PM (opens at 10:30AM) EST
1Credits
Accounting and Auditing

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$39.00 Regular Price
Non-Members
$59.00 Regular Price

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Course Type: Webcast
Course Code: 24/AC943966
Level: Basic
Vendor: ACPEN
Field of Study: Auditing, Accounting

Overview:

Pro forma statements are used by businesses to make decisions on planning and control, as well as for external reporting to owners, investors, and creditors. For example, giving financial estimates for a given period in a standardized manner is known as “presenting pro forma,” a Latin phrase that means “as a matter of form.”
Pro forma statements can be helpful tools for business owners, investors, creditors, or decision-makers to analyze various scenarios of future events based on certain financial assumptions. It might aid in making predictions performance of the company.

A pro forma income statement displays a firm’s anticipated sales and revenue. It also highlights anticipated fixed or variable operational expenses and, in the end, displays the potential profits and retained earnings for a future financial quarter. There are various types of pro-forma statements and methods to develop them.
The responsibilities/competencies of the Financial Controller position (FC) has changed in recent years. However, the creation of pro forma financial statements is still a core part of their responsibility.
 

Objectives:

  • Explore and evaluate pro forma financial forecasting
  • Explore and examine the types of pro forma statements
  • Identify steps to create a pro forma statement
  • Recognize the example - pro forma sales forecast

Major Topics:

  • Accounting
  • Finance

Major Topics:

  • Accounting
  • Finance

Designed For:

Controllers, Accountants, Finance Professionals, Auditors

Prerequisites:

None