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Define What a Pro Forma Financial Statement Is

question 28

Essay

Define what a pro forma financial statement is. What are the two types a small business owner uses, and how are they created?


Definitions:

Planned Organisational Change

A process designed intentionally to make operational, structural, or cultural adjustments in an organization to improve efficiency or adapt to new market demands.

Unfreezing Phase

The initial stage of the change process where existing behaviors, norms, and attitudes are challenged to prepare for transformation.

Refreezing Phase

The final stage in the change process where new behaviors or conditions are solidified into the organization.

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