Explain the purpose and the format of the statement of cash flows. Also, describe its relevance...

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Finance

Explain the purpose and the format of the statement of cashflows. Also, describe its relevance to decision makers. please useyour own words, and no handwriting please, thank you!

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Cash flow statement is a statement which shows changes in the cash of a firm between two periods Along with changes statement also shows reasn for such changes which helps in better functioning of business Cash flow statement is a planning tool which is useful in short term planning A enterprise needs cash to for its operations and other requirements analysis of the same helps in See Answer

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Explain the purpose and the format of the statement of cash flows. Also, describe its relevance...

90.2K

Verified Solution

Question

Finance

Explain the purpose and the format of the statement of cashflows. Also, describe its relevance to decision makers. please useyour own words, and no handwriting please, thank you!

Answer & Explanation Solved by verified expert

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