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How to create & use pro forma statements

Cube Software

They're constructed to answer specific questions relevant to one or more of the financial statements. Communicate the results to stakeholders, who must then perform pro forma analysis and take action. Keep in mind pro forma statements do not usually include one-time costs such as restructuring costs.

GAAP 40
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Transcript: Tom Wagner, Knighthead Capital

Barry Ritholtz

WAGNER: Yeah, I started as a certified public accountant and one of the early engagements that I was tasked with was in the space of asset management and I recall doing the audit on Jeffrey Vinik’s very first year as a hedge fund manager. RITHOLTZ: This is data, voice, communications no matter where you are on the globe.