The Role of the Statement of Cash Flow in the Financial and Economic Life of a Business Entity
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Indexed Research Publishing Company
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This article explores the role of the statement of cash flows in the financial and economic life of a business entity. The study provides a historical overview of the statement of cash flows and discusses relevant accounting standards and regulations. The research design and approach, data collection methods, and data analysis techniques used to gather and analyze data on the use of the statement of cash flows in business entities are also presented. The findings suggest that the statement of cash flows is a crucial tool in financial analysis, but some business entities do not use it to its full potential. The article recommends ways to improve the use of the statement of cash flows, such as raising awareness, investing in modern accounting systems, and seeking professional advice. This article highlights the importance of the statement of cash flows in financial decision-making for business entities and provides recommendations for improving its use.
Keywords
statement of cash flows, financial statements, business entities, accounting standards, regulations, financial analysis, data collection, data analysis, financial decision-making, modern accounting systems, professional advice