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

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 ...

Eager to avoid even a whiff of financial impropriety, 3Com Corp. executives said Monday they will stop using pro forma accounting, considered by critics an artificial way to spruce up profit. The ...

Reviewing the financial statements of major public companies, it's not uncommon to come across a statement of "pro-forma earnings." In some cases, pro-forma earnings will outperform the business's ...

Technology bellwether Cisco Systems Inc. released a regulatory filing yesterday that includes several new disclosures and drops the pro forma statement of earnings criticized by some analysts. The new ...

SANTA CLARA, Calif. (CBS.MW) - Pro forma accounting will soon be a thing of the past at 3Com. According to 3Com COMS CEO Bruce Claflin, the network gear-maker plans to do away with reporting its ...

FASB on Wednesday issued an Accounting Standards Update (ASU) that it said should end a “diversity in practice” in the disclosure of pro forma revenue and earnings for business combinations. The ASU ...

The International Auditing and Assurance Standards Board released a new assurance standard Wednesday on pro forma financial information included in a prospectus. The new International Standard on ...

The pro forma financials and accompanying explanatory notes were provided as Exhibit 99.1 to the 8-K filing. The company stated that these financials give effect to both the plan of reorganization and ...

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project. Processing ...

The pro forma brigade continues to march along. As local firms report their second quarter earnings -- or lack thereof -- one-time charges and "extraordinary events" are showing up with increasing ...