What is a pro forma financial statement? What are some scenarios in which you might find a pro forma financial statement helpful?

Why might someone compile a pro forma financial statement that is intentionally inaccurate? What factors contribute to the accuracy of a pro forma?

Assume you are the financial manager for a large electronics retailer. What benefits could you gain from preparing a cash forecast?

Assume you are the financial manager for a large electronics retailer. You are going to prepare a cash forecast. What key cash inflows and outflows do you anticipate will be in your forecast?