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2019•Unpublished venueRequires access

STATEMENT OF CASH FLOWS

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Abstract

The purpose of the statement of cash flows is to provide information about the operating cash receipts and cash payments of an entity during a period, as well as providing insight into its various investing and financing activities. It is a vitally important financial statement, because the ultimate concern of investors is the reporting entity's ability to generate cash flows which will support payments to the shareholders. The perceived benefits of presenting the statement of cash flows in conjunction with the statement of financial position and the statement of profit or loss and comprehensive income have been highlighted by International Accounting Standard 7. The consolidated statement of cash flows would be the last statement to be prepared, as the information to prepare it will come from the other consolidated statements (consolidated statement of financial position, statement of profit or loss and comprehensive income and statement of changes in equity).

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What this paper is about

The purpose of the statement of cash flows is to provide information about the operating cash receipts and cash payments of an entity during a period, as well as providing insight into its various investing and financing activities. It is a vitally important financial statement, because the ultimate concern of investors is the reporting entity's ability to generate cash flows which will support payments to the shareholders. The perceived benefits of presenting the statement of cash flows in conjunction with the statement of financial position and the statement of profit or loss and comprehensive income have been highlighted by International Accounting Standard 7. The consolidated statement of cash flows would be the last statement to be prepared, as the information to prepare it will come from the other consolidated statements (consolidated statement of financial position, statement of profit or loss and comprehensive income and statement of changes in equity).

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Available abstract

The purpose of the statement of cash flows is to provide information about the operating cash receipts and cash payments of an entity during a period, as well as providing insight into its various investing and financing activities. It is a vitally important financial statement, because the ultimate concern of investors is the reporting entity's ability to generate cash flows which will support payments to the shareholders. The perceived benefits of presenting the statement of cash flows in conjunction with the statement of financial position and the statement of profit or loss and comprehensive income have been highlighted by International Accounting Standard 7. The consolidated statement of cash flows would be the last statement to be prepared, as the information to prepare it will come from the other consolidated statements (consolidated statement of financial position, statement of profit or loss and comprehensive income and statement of changes in equity).

Key concepts: Cash flow statement, Statement of changes in financial position, Financial statement analysis, Accounting, Operating cash flow, Business, Financial statement, Income statement

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