A Logical Approach To The Statement Of Cash Flows
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Keywords
Statement Of Cash Flows, FASB Statement No. 95, APB Opinion No. 19
Abstract
Of the three financial statements in financial reporting, the Statement of Cash Flows (SCF) is perhaps the most challenging. The most difficult aspect of the SCF is in developing an understanding of how previous transactions are finalized in this document. The purpose of this paper is to logically explain the indirect approach of cash flow whereby an understanding is established together with the mechanics of preparing the statement.
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