Pro Forma Statements - Exxon Mobil

Essay # 102337

Accounting > Financial
Business > Accounting
Business > Companies

A presentation and analysis of Exxon Mobil's financial statements.

1,840 words () | 3 sources | APA | 2005 United States

Paper Summary:

This paper provides pro forma statements in the form of an income statement and balance sheet for Exxon Mobil Corporation. The paper explains that financial analyses and pro forma statements provide companies with a vital means of determining past and present performance, as well as projecting future standings. The paper concludes that, based upon the linear calculations, Exxon Mobil's management needs few recommendations.

Outline:
Projected Income Statement (includes tables)
Projected Balance Sheet (includes tables)
Conclusion

From the Paper:

"In order to build a pro forma balance sheet using the percent-of-sales method, it is help to construct a table of pertinent data. The following table provides data retrieved from Exxon Mobil's 2006 financial statements, and determines percentages for key items necessary to extrapolate in the formation of a projected balance sheet.
"Once the data is taken from previous financial statements and the percentages are calculated, it becomes possible to construct the projected balance sheet."

Sample of Sources Used:

Block, S.B., & Hirt, G.A. (2005). Foundations of Financial Management (11th ed.). New York: McGraw-Hill/Irwin.
MSN Money (2007). Exxon Mobil Corporation Financial Statements. Retrieved 28 July, 2007 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=XOM
Fortune Magazine (April 30, 2007). Fortune 500. Retrieved July 28, 2007 from http://money.cnn.com/magazines/fortune/fortune500/2007/full_list/index.html

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APA Citation:

Pro Forma Statements - Exxon Mobil (2012, January 15). Retrieved February 10, 2012, from http://www.academon.com/Essay-Pro-Forma-Statements-Exxon-Mobil/102337