The group that sets U.S. accounting standards may take a stand in the debate over so-called pro forma profit reports, which critics say can make evaluation of companies’ financial performance ...

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 ...

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 ...

Bishop, John E. "PROFORMA: An Aid for Analyzing Accounting Statements for the Purposes of Constructing Proformas and Forecasting." Harvard Business School Background Note 189-108, December 1988.