Unless you know a bona fide psychic, no one can claim to really know what the future holds. The pandemic is proof of that. But in business, it’s important to know what the future might be, hopefully ...

Unless you have a working crystal ball, trying to figure what is going to happen in the future is, at best, a guess or estimate. The success of that estimate is dependent both on the amount and ...

The acquisition method of financial accounting for business combinations under FASB Statement no. 141(R), Business Combinations, requires the acquiring company to recognize and measure all ...

Bishop, John E. "PROFORMA: An Aid for Analyzing Accounting Statements for the Purposes of Constructing Proformas and Forecasting." Harvard Business School Background Note 189-108, December 1988.