Pro forma balance sheets are used to forecast the future asset management practices for the company.
The fundamental financial projections for a business are a pro forma balance sheet, pro forma income statement, and pro forma cash flow. As a result, they ought to be included in every business plan.
A balance sheet is a financial statement that lists the assets and liabilities of a company at a particular point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a company as of the publication date.
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