Definition Of Pro Forma Agreement
Similar practices exist in State law and for similar reasons; For example, in Minnesota, legislative authorities have the same three-day session requirements as Congress. Pro forma meetings are held to meet this requirement.  In the economy, pro forma financial statements are prepared prior to a proposed transaction, for example. B merger, acquisition, new capital investment or change in the capital structure, such as the emergence of new debts or the issue of shares. Pro forma models model the expected results of the transaction, with a particular focus on cash flows, net revenues and expected taxes. Therefore, pro forma statements summarize the expected future status of a company on the basis of the current annual accounts. Companies can use a pro forma contract to allow potential employees, customers, or business partners to verify the language of a transaction while the exact terms are worked out. . . .