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A Management Focused Tool For Developing Pro-Forma Financial Statements

Author

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  • Terrance Jalbert

Abstract

Developing pro-forma financial statements and associated financial analysis is an important undertaking for new and existing business alike. This paper reports user experiences with a spreadsheet-based method for developing pro-forma financial statements as developed in Jalbert (2017). The paper also presents improvements and enhancements to the template. The forecasting approach reported on here requires users to simply enter their firm-specific figures. As such it is particularly useful for individuals without extensive training in finance. The tool does not require programming or the use of plug figures and does not result in circular references which are all common to other tools. The template provides a powerful tool for entrepreneurs and for teaching management, accounting and finance courses. The tool is suitable for both novice and advanced users

Suggested Citation

  • Terrance Jalbert, 2019. "A Management Focused Tool For Developing Pro-Forma Financial Statements," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 12(1), pages 61-86.
    • Handle: RePEc:ibf:ijmmre:v:12:y:2019:i:1:p:61-86
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    More about this item

    Keywords

    Financial Statements; Pro-Forma Financial Statements; Forecasting; Entrepreneurship; Small Business Finance; Accounting for Small Businesses;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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