Question 1
A pro forma financial statement is a kind of financial statement which is referenced from an organization’s predictions on its market trends, while considering other related factors which will affect the trends. This kind of statement can be seen in the form of several accounting statements such as balance sheets, income and cash flow (Accounting Coach, n.d). In healthcare, pro forma financial statements are used in determining whether a project will be subjected to approval. This can be seen through the several records collected by the Finance department of hospitals wherein accounting records can be found, which eventually ...