Question

6. Pro Formas can be structured in many different formats; however, they all help forecast a company’s financial feasibility, breakeven, and profitability. How do you envision this knowledge and skill with pro formas will give you an advantage over other job candidates?

Answer 1

Pro formas, otherwise known as projected finance statement, paint a clear financial picture of a company. Having a clear understanding on the uses and limitations of pro formas, such as income statements and balance sheets, will provide the candidate with immense advantage as they will be able to forecast correctly the effects of changes in policy on the financial health of a company.

Step-by-step explanation:

As financial matters and their handling are of prime concern to most companies, a candidate showing knowledge and expertise in handling pro formas will have a clear advantage over others