For the year ended March 31, 2003, American Media reported the insurance proceeds received to replace its contaminated facility as a source of cash in the investing section of its cash flow statement
. Such treatment is appropriate and is tantamount to the cash flow treatment that would be afforded a sale of the building for cash.
According to one view, the cash flow statement
should report gross inflows and outflows of cash for operating activities like inventory purchases and payments to or on behalf of employees in order to help users assess the company's vulnerability to changes in individual types of cash flows.
Note that the indirect cash flow statement
begins with net income, the number shown on Salton's income statement (Exhibit 3).
GAAP and IFRS statements, standardizing the data collection procedures and assigning data collection responsibilities to designated personnel" Training 13 "Provide additional training and cross-training to our existing personnel, including areas of new and emerging accounting standards" New 10 "Management has implemented a process to aid Process/Procedure in correctly classifying amounts related to acquisitions reflected in the consolidated statement of cash flows, including a more detailed cash flow statement
preparation checklist" Design/Implement 7 "Design and implementation of enhanced Controls controls to aid in the correct preparation, review, presentation and disclosures of our consolidated statement of cash flows.
Summary: Financial statements cover income and cash flow statements
and balance sheet
To a question if the witness collected data regarding the cash generated by the HME during any period of any financial year, Zia said the JIT got the cash flow statement
which showed the cash generated for the period of January to July 2011 through 'a sourced document'.
The cash flow statement
shows that the company cashed loans of 140 million dinars during the 2017 financial year while repaying an equivalent amount.
* The cash flow statement
reconciles your opening cash with your closing cash for a specific period, showing you where the money has gone.
FASB has always considered the direct method of reporting cash flows preferable to the indirect method; in FASB's view, the direct method better achieves the cash flow statement
's primary objective (to provide relevant information about the reporting entity's cash receipts and cash payments) and the overall objective of financial reporting (to provide information that is useful to users in making investment and credit decisions).
On the cash flow statement
for finance leases, cash paid for the asset and payments of principal and interest on the lease are recorded as investing activities.
Financial statements indicate to investors about important points which play a vital role in investment activities and as a result, Jooste (2006) analyzed the perception of investors regarding financial statements and commented that the rationale and intelligent readers or examiners of financial statements around the world completely determine the liquidity, leverage, profitability and performance of the organization of the company before taking the step of investment around the organization for proper investment and he further investigated that cash flow statement
is a better indicator to evaluate the financial performance of the organization.
Topics to be covered include balance sheet, income statement, cash flow statement
, sources and use of cash for SMEs, main cash financial indicators and ratios.