Pro forma financial statements are simply another name for GAAP financial statements.

Name: Pro forma financial statements are simply another name for GAAP financial statements.
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Quizplus · Accepted Answer

Pro forma financial statements are not the same as GAAP financial statements. Pro forma statements are hypothetical projections based on certain assumptions, while GAAP financial statements are based on actual historical data and must follow generally accepted accounting principles.

Pro Forma Financial Statements Are Simply Another Name for GAAP