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 | The Cashflow statement shows the cash movements within the entity, broken down into several categories prescribed (1) by accounting rules for external reporting and (2) by 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. | ||
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An internal report giving similar information, but formatted according to internal management requirements. | An internal report giving similar information, but formatted according to internal management requirements. | ||
Revision as of 21:19, 14 December 2016
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 (1) by accounting rules for external reporting and (2) by 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.
