It provides information regarding the historical changes in cash and cash equivalents during a reporting period?
Question: It provides information regarding the historical changes in cash and cash equivalents during a reporting period?
A cash flow statement is a financial document that shows how a company or organization manages its cash inflows and outflows. It provides information regarding the historical changes in cash and cash equivalents during a reporting period, such as a month, quarter, or year. The cash flow statement helps investors, creditors, and other stakeholders understand how the entity generates and uses its cash resources, and how it meets its financial obligations. The cash flow statement can be divided into three main sections: operating activities, investing activities, and financing activities. Each section reflects a different aspect of the entity's cash transactions and their impact on its cash balance.
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