Shearman & Sterling LLP
Issue link: https://digital.shearman.com/i/1494417
Financial Statement Requirements for Acquisitions (cont.) Pro Forma Financial Statement Requirements Financial Statements – The Basic Requirements 37 • Combining companies with different fiscal year ends: 93-day threshold • No need to recast financials of target if fiscal year end of target within 93 days of the company • If fiscal year ends differ by more than 93 days then income statement of target should be recast and brought to within 93 days of the company's periods