 A MANAGEMENT FOCUSED TOOL FOR DEVELOPING PRO-FORMA FINANCIAL STATEMENTSInternational Journal of Management and Marketing Research, 2019, vol. 12, issue 1, 61-86 Abstract: Developing pro-forma financial statements and associated financial analysis is an important undertaking for new and existing business alike. This paper reports user experiences with a spreadsheet-based method for developing pro-forma financial statements as developed in Jalbert (2017). The paper also presents improvements and enhancements to the template. The forecasting approach reported on here requires users to simply enter their firm-specific figures. As such it is particularly useful for individuals without extensive training in finance. The tool does not require programming or the use of plug figures and does not result in circular references which are all common to other tools. The template provides a powerful tool for entrepreneurs and for teaching management, accounting and finance courses. The tool is suitable for both novice and advanced users Keywords: Financial Statements; Pro-Forma Financial Statements, Forecasting, Entrepreneurship, Small Business Finance, Accounting for Small Businesses (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijmmre:v:12:y:2019:i:1:p:61-86 Access Statistics for this article International Journal of Management and Marketing Research is currently edited by Terrance Jalbert More articles in International Journal of Management and Marketing Research from The Institute for Business and Finance Research |
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