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SUMMARY: The Controllership Series: The Controller's Role in Pro Forma Financial Statements
DESCRIPTION: Pro forma statements are used by businesses to make decisions on planning & control\, as well as for external reporting to owners\, investors & creditors. For example\, giving financial estimates for a given period in a standardized manner is known as "presenting pro forma\," a Latin phrase that means "as a matter of form."
Pro forma statements can be helpful tools for business owners\, investors\, creditors\, or decision-makers to analyze various scenarios of future events based on certain financial assumptions. It might aid in making predictions performance of the company.

A pro forma income statement displays a firm's anticipated sales & revenue. It also highlights anticipated fixed or variable operational expenses and\, in the end\, displays the potential profits & retained earnings for a future financial quarter. There are various types of pro-forma statements & methods to develop them.
The responsibilities/competencies of the Financial Controller position (FC) has changed in recent years. However\, the creation of pro forma financial statements is still a core part of their responsibility\n 
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