We had to take all these elements and map them over in our accounting system, so that when we'd go in to prepare the cash flow statement
, they'd all kind of fall out in the right spot," McKee said.
DIF_TP: Changes in the payable income tax from cash flow statement
+ changes in the payable tax of two consecutive years
One of the authors of this paper is a financial advisor to small business owners, who found that GAAP's indirect method cash flow statement
may be misleading for small business owners when making important financial decisions.
But I feel that, while they aid people's understanding of financial accounting, using T-accounts as workings for a cash flow statement
may be a waste of precious time, so it's probably helpful to get accustomed to making a columnar presentation of workings in all contexts.
Warning signs were readily apparent to the few investors who regularly analyzed changes in the companies' quarterly cash flow statements
Auditors have little to work with, however; only SFAS 95, Statement of Cash Flows, specifically addresses the cash flow statement
, and only 15 paragraphs within SFAS 95 discuss the appropriate categorization of cash expenditures within the cash flow statement
The cash flow statement
breaks annual revenue into anticipated monthly receipts--small amounts during inactive periods, larger amounts during active periods.
To their credit, today both Lucent and Nortel each issue a full income statement, balance sheet and cash flow statement
in their quarterly earnings releases.
In the era of Regulation G, I agree with Hugo Nurnberg ("Income Taxes in the Cash Flow Statement
," June 2003) that the potential benefits of additional cash flow information would be very useful to investors and others, and would likely exceed the costs of preparing it.
Even for the most complex models, White Birch says, Projected Financials delivers an accurate set of financials--income statement, balance sheet, and cash flow statement
By allocating income taxes in the cash flow statement
, the income tax effects of transactions and events would be reported in the same section of the cash flow statement
as the transactions and events themselves, resulting in a more precise presentation of the net cash flows from operating, investing, and financing activities.