GAAP and Risk Analysis - Corporate Finance Brief

How to create & use pro forma statements

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. A pro forma invoice is not a type of pro forma financial statement.

GAAP

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles

What is Quality of Earnings?

CFO Share

MARCH 14, 2022

Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Sales concentrations and/or backlog risk. Analysis of inventory reserves and allowances. Unusual or nonrecurring items of income or expense.

Auditing

Auditing GAAP Accounting Principles Profit and Loss

Corporate Finance Brief

How to create & use pro forma statements

What is Quality of Earnings?

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