TITLE

Let's Be Balanced with Pro Forma Earnings

AUTHOR(S)
Livingston, Phil
PUB. DATE
June 2001
SOURCE
Financial Executive;Jun2001, Vol. 17 Issue 4, p6
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on pro forma earnings and their impact on company performance. The use of pro forma results was for a more comparable presentation of two periods following a major acquisition or refinancing. However, with its growing popularity the practice has been abused and so is being criticized by mass media and regulators. The U.S. Securities and Exchange Commission's chief accountant has termed it 'earnings before bad stuff.' Certain companies are attempting to present earnings before single unusual items while others are trying to use a form of cash-based earnings.
ACCESSION #
11873318

 

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