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Wednesday 28 August 2013

Essay on Pro Forma


Respond to the prompt in one single-page executive summary. See Attached


Respond to the prompt in one single-page executive summary.
Companies using a pro-forma means of reporting finances as a method to paint a rosy picture.  Should this practice be allowed to continue and grow? Or should there be stricter adherence to GAAP and IFS standards.  
Reference:
Talks about HP and pro forma reports improving under Mark Hurd ( Before he left)
http://www.nytimes.com/2010/08/11/business/11views.html?_r=1&scp=1&sq=pro%20forma&st=cse
 About GM’s reporting of pro forma results
http://dealbook.blogs.nytimes.com/2010/08/18/g-m-s-risks-management-pay-and-more/?scp=3&sq=pro%20forma&st=cse
 GM’s IPO filing another angle
http://blogs.wsj.com/deals/2010/08/18/the-two-most-surprising-risk-factors-in-the-gm-ipo-filing/?KEYWORDS=pro+forma
 One from oil companies
http://blogs.wsj.com/deals/2010/08/04/oil-ma-final-details-of-the-apache-mariner-deal/?KEYWORDS=pro+forma
 One more
http://blogs.wsj.com/privateequity/2010/07/02/tabloid-publisher-refinances-the-shocking-story-of-leverage-reduction/

Last… see attached PDF
Article with statistical data, it shows managers inflating number for pro forma.

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