Asked by Gabrielle D'Andrea on May 08, 2024
Verified
Pro forma statements are a common element among financial planning models.
Pro Forma Statements
Financial statements prepared based on certain assumptions and projections, often used for forecasting or planning future financial performance.
Financial Planning
The process of creating strategies for managing finances to achieve personal economic satisfaction, including budgeting, savings, investments, and future planning.
- Detect the principal parts and aids used in financial planning methodologies.
Verified Answer
RS
Romario ScottMay 14, 2024
Final Answer :
True
Explanation :
Pro forma statements are used in financial planning to project future financial performance based on past data and assumptions about future conditions, making them a common element in financial planning models.
Learning Objectives
- Detect the principal parts and aids used in financial planning methodologies.