Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

While historical financial statements are built on facts, pro forma statements are a result of assumptions. A company's protected financial status is used to paint a picture of what the financial ...

Financial statements provide business owners and their lenders and investors with significant information regarding the business' financial health and stability and its ability to manage operations ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...