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Pro forma financial statements are used for a. profit planning O b. auditing c. preparing financial statements O d. cash budgeting Strategic financial plans reflect O a. the anticipated financial impact of planned long-term actions. O b. the anticipated financial impact of planned medium-term actions. O c. the anticipated financial impact of planned long and short-term actions. O d. the anticipated financial impact of planned long-term actions. Long-term financial plans consider proposed for: O a. sales O b. profit O c. Depreciation O d. research and development activities are cash The key aspects of planning and profit planning. a. investing planning process b. operating and a financial planning process O c. a financial planning process O d. investing and a financial planning process is the sales The key input to the forecast. O a. medium and short-term financial planning process o b. long-term financial planning process O c. short-term financial planning process O d. long and short-term financial planning process Once sales are forecasted, must be generated to estimate required raw materials. a. an operating budget b. a cash budget a production plan O d. a pro forma statement Depreciation deductions, like any other business expenses, the income that a firm reports on its income statement. O . a. decrease O b. increase . O c. increase or decrease d. stay the same Pro forma statements are commonly used to O a. forecast and analyze the firm's level of profitability and overall financial performance O b. forecast and analyze the firm's level of profitability only OC. c. sales only d. overall financial performance only Profit planning relies on the O a. cash flow statement O b. pro forma income statement and balance sheet O c. pro forma income statement O d. balance sheet Allocation of the historic costs of fixed assets against the annual revenue they generate is called O a. securitization O b. depreciation O c. C. amortization d. arbitraging

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