As part of the financial planning process planners would create projected financial statements. What is another name for these statements?
A) pro forma statements
B) per capita statements
C) prescriptive statements
D) empirical statements

Question

Quizplus · Accepted Answer

Pro forma statements are another name for projected financial statements. They are used to estimate future financial performance based on certain assumptions and are often prepared for a specific purpose or event, such as a proposed business expansion or a loan application. Per capita statements refer to financial statements that are prepared on a per-person basis and are not relevant to the financial planning process. Prescriptive and empirical statements are not related to financial statements or financial planning.

As Part of the Financial Planning Process Planners Would Create