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Author Question: Describe the difference between historical and pro forma financial statements. What will be an ... (Read 104 times)

sjones

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on: Jul 6, 2018
Describe the difference between historical and pro forma financial statements.
 
  What will be an ideal response?

Question 2

________ is time during which employees can choose not to be at work.
 
  Fill in the blank with correct word.


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ryansturges

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Historical financial statements reflect past performance and are usually prepared on a quarterly and annual basis. Pro forma financial statements are projections for future periods based on forecasts and are typically completed for two to three years into the future. Pro forma financial statements are strictly planning tools, while historical financial statements reflect actual information.

Answer to Question 2

Answer: Flextime


sjones

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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