Finance Basics (Collins Business Secrets)

The statement of cash flows fills this gap and measures actual cash inflows or outflows during a period from three activities – operating, investing and financing

The statement of cash flows fills this gap and measures actual cash inflows or outflows during a period from three activities – operating, investing and financing

The statement of cash flows fills this gap and measures actual cash inflows or outflows during a period from three activities – operating, investing and financing.

My money goes to my agent, then to my accountant and from him to the tax man”

A friendship founded on business is better than a business founded on friendship”

Accounting regulation gives consistency and comparability between different companies.

An income statement may include non-cash costs such as depreciation and amortization.

The statement of cash flows summarizes the different sources and uses of cash within a business.

An income statement summarizes total income generated and total expenditure incurred over a set period.

summarizes what a business owns and what it owes.