Investors use the financial statements in many ways. One of the most important uses of these statements is to evaluate past performance and project future performance.
Address all of the following questions in a brief but thorough manner.
What are the major financial statements and what types of information does each provide the user?
What is a pro forma financial statement and what types of information does it provide the user?
Who and what are the potential users and uses of these types of pro forma financial statements?
The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response.
Your posting should be the equivalent of 1 to 2 single-spaced pages (500–1000 words) in length.
Submit your posting to the Discussion Area by the due date assigned, using the lessons and vocabulary found in the reading.
Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between one or more lines of reasoning in the discussion. Complete your participation for this assignment by the end of the week.