Discussion 10 & 11

 Discussion 10:

• Describe pro forma income and the importance of pro forma income in the evaluation of the income statement. Choose at least two items that are excluded from pro forma income. Suggest to management why including the items would be misleading to investors and creditors.

Discussion 11:

 Rate the three most important concepts that you have learned in this course in order of importance (1 being the most important; 3, the least). Provide a rationale for your rating scheme