Cashflow statement: Difference between revisions
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One of the primary published financial statements of a reporting entity. | One of the primary published financial statements of a reporting entity. | ||
The Cashflow statement shows the cash movements within the entity, broken down into several categories prescribed (1) | The Cashflow statement shows the cash movements within the entity, broken down into several categories prescribed by: | ||
(1) accounting rules for external reporting and | |||
(2) management's requirements for internal reporting. | |||
It may reconcile - for example - the accounting profit in the income statement with the total net changes in cash and cash equivalents in the balance sheet. | It may reconcile - for example - the accounting profit in the income statement with the total net changes in cash and cash equivalents in the balance sheet. | ||
Revision as of 10:21, 5 July 2017
Financial reporting
1.
One of the primary published financial statements of a reporting entity.
The Cashflow statement shows the cash movements within the entity, broken down into several categories prescribed by:
(1) accounting rules for external reporting and
(2) management's requirements for internal reporting.
It may reconcile - for example - the accounting profit in the income statement with the total net changes in cash and cash equivalents in the balance sheet.
Relevant accounting standards include Section 7 of FRS 102.
2.
An internal report giving similar information, but formatted according to internal management requirements.
