Business, Management and Accounting
3 months ago

New cash flow statement reveals true financial health of businesses

Oxford University Press eBooks
The statement of cash flows
Peter Scott

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The statement of cash flows shows how money comes in and goes out of a business during a specific time. It connects the profit and loss statement with the financial position statement. It reveals how a company's money changes from its operations, investments, and financing activities. The statement can be made using either the direct or indirect method. It also explains that profit is not the same as cash.