Accounting Rules
Form and Content of Financial Statements
Regulation S-X
Rule 11-03 -- Presentation of Financial Forecast
(a) A financial forecast may be filed in lieu of the
pro forma condensed statements of income required by Rule
11-02(b)(1).
(1) The financial forecast shall cover a period of at least 12 months
from the latest of
(i) the most recent balance sheet included in the filing or
(ii) the consummation date or estimated consummation date of the
transaction.
(2) The forecasted statement of income shall be presented in the
same degree of detail as the pro forma condensed statement of income required
by Rule 1 1-02(b)(3).
(3) Assumptions particularly relevant to the transaction and effects
thereof should be clearly set forth.
(4) Historical condensed financial information of the registrant
and the business acquired or to be acquired, if any, shall be presented
for at least a recent 12 month period in parallel columns with the financial
forecast.
(b) Such financial forecast shall be presented in
accordance with the guidelines established by the American Institute of
Certified Public Accountants.
(c) Forecasted earnings per share data shall be substituted
for pro forma per share data.
(d) This rule does not permit the filing of a financial
forecast in lieu of pro forma information required by generally accepted
accounting principles.
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