The tree of life meaning symbolizes many nurturing aspects of life. In its branches, it symbolizes reaching out to accept the nourishment of the sun. In its leaves, it captures that nourishment and cherishes it through transformation into life giving food. In its roots, it digs deep into the soul of the Earth.
Pro forma Earnings. Definition: Often used in two ways. First, pro forma earnings refers to projections of earnings. This is often used internally or on a road show for an IPO. Second, it refers to a way of reporting earnings that excludes non-recurring items such as restructuring charges, extraordinary items.
A pro forma financial statement on the other hand is a projection based on a specific event. For example a pro forma would project your financials if: These situations would change your future financial results. The real difference between a budget and pro forma financial statements is negligible. The 2 terms may even be used interchangeably at times. To learn more about budgeting for the future check out our recent blog post on the top 15 financial projection mistakes.