|Pro forma statement|
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Definition of Pro forma statement
Pro forma statement
A financial statement showing the forecast or projected operating results and balance
Financial statements as adjusted to reflect a projected or planned transaction.
A set of financial statements that incorporates some assumptions, usually
Cash flow provided by operating
The ratio of net income to net sales.
Conflicts of interest among stockholders, bondholders, and managers.
Conflicts of interest between the firm’s owners and managers.
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
A clause in a shareholders agreement preventing a company from issuing additional shares, without allowing the current shareholders the opportunity to participate in the offering to avoid dilution of their percentage ownership.
Specific sections and rules of the 1933 Act and 1934 Act that are
a budgeted maximum allowable expenditure
formal request for funds for capital investment project.
a method of allocating joint cost to joint products using a
Arises when the stockholders substitute riskier assets for the firm's existing
Information that is known to some people but not to other people.
Ratio of consumption to disposable income. See also marginal propensity to consume.
Average Propensity to Save
Ratio of saving to disposable income. See also marginal propensity to save.
BARRA's performance analysis (PERFAN)
A method developed by BARRA, a consulting firm in
Base probability of loss
The probability of not achieving a portfolio expected return.
Before-tax profit margin
The ratio of net income before taxes to net sales.
a listing of service departments in an order that begins with the one providing the most service
Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees
A committee formed in response to SEC chairman Arthur Levitt's initiative to improve the financial
The cumulative book income plus any gain or loss on disposition of the assets on termination of the SAT.
business process reengineering (BPR)
the process of combining information technology to create new and more effective
an incidental output of a joint process; it is salable,
A product that is an ancillary part of the primary production process, having
A material created incidental to a production process, which can be
A feature of some callable bonds that establishes an initial period when the bonds may not be
An embedded option granting a bond issuer the right to buy back all or part of the issue prior
cash flow from operating activities, or cash flow from profit
This equals the cash inflow from sales during the period minus the cash
Cash Flow Provided by Operating Activities
With some exceptions, the cash effects of transactions
Cash Flow Provided or Used from Financing Activities
Cash receipts and payments involving
Cash Flow Provided or Used from Investing Activities
Cash receipts and payments involving
A statement that shows where a company’s cash came from and where it went for a period of time, such as a year.
Cash Flow statement
A financial report that shows the movement in cash for a business during an accounting period.
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMR)'s Performance Presentation Standards Implementation
common-size income statement
Income statement that presents items as a percentage of revenues.
Consumer Credit Protection Act
A federal Act specifying the proportion of
an ongoing process of enhancing employee task performance, level of product quality, and level of company service through eliminating nonvalue-added activities to reduce lead time, making products
The profit made by a division after deducting only those expenses that can be controlled by the
An annual statement filed by a life insurance company in each state where it does
A project with a negative initial cash flow (cash outflow), which is expected to be
Corporate processing float
The time that elapses between receipt of payment from a customer and the
cost-benefit analysis the analytical process of comparing the
relative costs and benefits that result from a specific course
cost of production report
a process costing document that
Cost–volume–profit analysis (CVP)
A method for understanding the relationship between revenue, cost and sales volume.
analysis a procedure that examines
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
A statistical methodology applied to a set of firms at a particular point in time.
Cumulative probability distribution
A function that shows the probability that the random variable will
Debt service parity approach
An analysis wherein the alternatives under consideration will provide the firm
Design In software development, a detailed step-by-step plan for completing the software.
A conception of the way a stock's price changes that assumes that the price takes on all
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
Direct stock-purchase programs
The purchase by investors of securities directly from the issuer.
economic production run (EPR)
an estimate of the number
A program, such as social security, under which everyone meeting the eligibility requirements is entitled to receive benefits from the program, so that costs are not known in advance.
equivalent units of production (EUP)
an approximation of the number of whole units of output that could have been
Expected value of perfect information
The expected value if the future uncertain outcomes could be known
The official seizure by a government of private property. Any government has the right to
External Financial Statements
Corporate financial statements that have been reported on by an external independent accountant.
Factor of Production
A resource used to produce a good or service. The main macroeconomic factors of production are capital and labor.
Fair price provision
Farm Improvement and Marketing Cooperatives Loans Act
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
financial reports and statements
Financial means having to do with
Financial reports or statements
The profit and Loss account, Balance Sheet and Cash Flow statement of a business.
Formalized Line of Credit
A contractual commitment to make loans to a particular borrower up to a specified maximum during a specified period, usually one year.
Future-Oriented Financial Information
Information about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. Future-oriented financial information is presented as either a forecast or a projection.
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
grade (of product or service)
the addition or removal of product
Gross Domestic Product
Total output of final goods and services produced within a country during a year.
Gross domestic product (GDP)
The market value of goods and services produced over time including the
gross margin, or gross profit
This first-line measure of profit
Gross National Product
Total output of final goods and services produced by a country's citizens during a year.
Gross national product (GNP)
Measures and economy's total income. It is equal to GDP plus the income
The profit a company makes before expenses and taxes are taken away.
The difference between the price at which goods or services are sold and the cost of sales.
The result of subtracting cost of goods sold from sales. Synonymous with gross margin.
Revenue less cost of goods sold.
Gross profit margin
Gross profit divided by sales, which is equal to each sales dollar left over after paying
Gross Profit Margin
Gross profit divided by revenue.
Under the Freddie Mac program, the aggregation by a single issuer (usually an S&L)
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
An accounting statement that summarizes information about a company in the following format:
One of the basic financial statements; it lists the revenue and expense accounts of the company.
Financial statement that summarizes sales revenue
A financial report that summarizes a company’s revenue, cost of
Financial statement that shows the revenues, expenses, and net income of a firm over a period of time.
Income statement (statement of operations)
A statement showing the revenues, expenses, and income (the
A financial statement that displays a breakdown of total sales and total expenses.
Income Tax Provision
The expense deduction from pretax book income reported on the
A project whose acceptance or rejection is independent of the acceptance or rejection of
an investment project that has no specific
A situation where an increase (or decrease) in the benefits of one
A format for the operating section of the cash-flow statement that
bits of knowledge or fact that have been carefully
A situation involving information that is known to some, but not all, participants.
Information Coefficient (IC)
The correlation between predicted and actual stock returns, sometimes used to
The rise in the stock price following the dividend signal.
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