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For example, when a transaction with a material effect on a company's financial condition is contemplated, the finance department will prepare, for management and board review, a business plan containing pro forma financial statements demonstrating the expected effect of the proposed transaction on the company's financial viability.
The Companies (Registration) Regulation 2008 included pro-forma Memorandum. It is basically a statement that the subscribers wish to form a company under the Companies Act 2006 , have agreed to become members and, in the case of a company that is to have a share capital, to take at least one share each.
Regulation S-X and the Financial Reporting Releases (Staff Accounting Bulletins) set forth the form and content of and requirements for financial statements required to be filed as a part of (a) registration statements under the Securities Act of 1933 and (b) registration statements under section 12, [2] annual or other reports under sections 13 [3] and 15(d) [4] and proxy and information ...
Insincere apology: a statement that expresses remorse that is not felt. [2] This may be pro forma apology, such as a routine letter from a large business that expresses regret that a small order was not satisfactory in some respect. In such a case, the recipient might not expect any employee to have any particular emotions.
A former employee at Thompson Academy, who asked not to be identified because he still works in the field, said staff were often told not to report physical incidents that were considered minor. “They said we’ve got to get our contracts,” the employee said. “We don’t want these points against us.” Read the second part of this series »
In a few cases, a pro forma invoice is issued to request advance payments from the buyer, either to allow production to start or for security of the goods produced. Credit memo - If the buyer returns the goods, the seller usually issues a credit memo for the same or lower amount than the invoice, and then refunds the money to the buyer, or the ...
A pro-verb substitutes a verb or a verb phrase: do, as in: "I will go to the party if you do". A pro-sentence substitutes an entire sentence or subsentence: Yes, or that as in "That is true". [2] An interrogative pro-form is a pro-form that denotes the (unknown) item in question and may itself fall into any of the above categories.
This gives rise to no contractual obligation but may amount to a tort, for example misrepresentation. Term: A term is similar to a representation, but the truth of the statement is guaranteed by the person who made the statement therefore giving rise to a contractual obligation. For the purposes of Breach of Contract, a term may further be ...