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TeachMeFinance.com - explain Pro forma historic definition... Pro forma -- For the sake of form ; the term is frequently used in mercantile business. A pro forma account is a specimen statement showing what it is considered, in the current state of the market, goods would realize. Such an account is in the same form as one used in an actual transaction except that the prices are tentative are examples merely. The purpose of a pro forma account is to furnish to the one to whom it is rendered or sent the value or cost of a consignment or shipment of goods in the existing state of the market. A pro forma account sales is asked for by a prospective seller of goods on consignment (consignor) when he desires to know what sum goods which he has for disposal would bring. A pro forma invoice is asked for by a prospective purchaser who desires to obtain from the seller prices and charges on certain goods. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.