Thursday, March 5, 2009
Pro Forma Statements-A CFO's Worst Nightmare..
Not much more to say about it, I suppose. But if you haven't worked on anything like this I guess it's hard to understand where I am coming from. If you haven't heard of a Pro Forma statement, read a book..
But seriously, these statements are very cumbersome and difficult to put together. One of the issues is making the statement dynamic, so if one of the inputs (say market share for instance) is changed, the whole document updates accordingly. This is different than making sure all of the rows add up.
Anyway, back to work on these, but I'll post more later with my successes/failures.