Difference between revisions of "Prepare a Statement of Cash Flows"
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A statement of cash flows is one of the four major financial statements prepared by corporations at the end of each accounting period (the others being a [[Write a Balance Sheet|balance sheet]], [[Write an Income Statement|income statement]], and [[Calculate Retained Earnings|statement of retained earnings]]). The goal of the cash flow statement is to provide an accurate picture of the cash inflows, outflows, and net changes of cash during the accounting period. The statement is prepared by calculating net changes to cash from operating, investing, and financing activities. The total increase or decrease in cash for the current year is added to the ending cash from the prior year to calculate the ending cash and cash equivalents for the current year. | A statement of cash flows is one of the four major financial statements prepared by corporations at the end of each accounting period (the others being a [[Write a Balance Sheet|balance sheet]], [[Write an Income Statement|income statement]], and [[Calculate Retained Earnings|statement of retained earnings]]). The goal of the cash flow statement is to provide an accurate picture of the cash inflows, outflows, and net changes of cash during the accounting period. The statement is prepared by calculating net changes to cash from operating, investing, and financing activities. The total increase or decrease in cash for the current year is added to the ending cash from the prior year to calculate the ending cash and cash equivalents for the current year. | ||
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== Steps == | == Steps == | ||
