pro forma (projected) financial statements
This refers to a set of financial statements (usually an income statement,
balance sheet, and statement of cash flow) designed to exhibit future financial
results. They are created using known (or sometimes assumed) input data (usually
expenses), along with an estimated amount of revenue, to project an estimated
amount of earnings. These statements are commonly used for new risk funding
programs such as captives and risk retention groups (RRPs).
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