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Pro Forma

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Pro Forma
A projection or estimate of what may result in the Future from actions in the present.
    
A pro forma financial Statement shows how theactual operations of a business Will turn out if certain assumptions are realized. The term pro forma (occasionally written proforma) comes from a Latin phrase meaning, "as a matter of form". Its meaning depends on the context in which it is used.
    
A price Quotation prepared in the form of an invoice, a pro forma invoice, is different from commercial invoices. It is used to create a sale and is sent in advance of the commercial invoice. The content of a pro forma invoice is almost identical to a commercial invoice and is usually considered a binding agreement although the price might change in advance of the final sale .A pro forma document is provided in advance of an actual transaction. Such a document serves as a model for the actual documents of the transaction. For example, when a new Corporation is envisioned, its founders may prepare a business plan containing pro forma financial statements, such as projected Cash flows and income statements.
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