Top-level planning and analysis
Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Planning, Budgeting, and Forecasting. 12 min read, ~1,823 words.
Three pro forma statements sit on top of every operating budget: pro forma income statement (profitability), pro forma balance sheet (financial position), pro forma statement of cash flows (liquidity). Pro forma IS is built from sales budget → production/COGS → operating expense budgets, ending in projected net income that flows...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1B6
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