tailieunhanh - Lecture Managerial Accounting for the hospitality industry: Chapter 5 - Dopson, Hayes

Chapter 7 - The statement of cash flows. In this chapter you will learn about the Statement of Cash Flows (SCF). The SCF is a report that tells its readers about increases (inflows) and decreases (outflows) of cash of a business during a specific accounting period. | Chapter 5 The Statement of Cash Flows Understanding Cash Flows The Purpose of the Statement of Cash Flows Sources and Uses of Funds Creating the Statement of Cash Flows Statement of Cash Flows Analysis Chapter Outline Learning Outcomes State the reason cash flows are critical to the operation of a successful business. Identify sources and uses of funds to assist in the creation of a statement of cash flows. Create a statement of cash flows using an income statement and two balance sheets. Analyze a statement of cash flows to better manage the cash flows of your own business. Understanding Cash Flows Assume, for example, that you have income from a variety of sources. These sources may include money paid to you from a job, income from parents or other family members, and interest you may earn on savings accounts. In addition, you have living and school expenses that must be paid. You know that you must have enough money on hand to pay your bills as they become due. Having access to . | Chapter 5 The Statement of Cash Flows Understanding Cash Flows The Purpose of the Statement of Cash Flows Sources and Uses of Funds Creating the Statement of Cash Flows Statement of Cash Flows Analysis Chapter Outline Learning Outcomes State the reason cash flows are critical to the operation of a successful business. Identify sources and uses of funds to assist in the creation of a statement of cash flows. Create a statement of cash flows using an income statement and two balance sheets. Analyze a statement of cash flows to better manage the cash flows of your own business. Understanding Cash Flows Assume, for example, that you have income from a variety of sources. These sources may include money paid to you from a job, income from parents or other family members, and interest you may earn on savings accounts. In addition, you have living and school expenses that must be paid. You know that you must have enough money on hand to pay your bills as they become due. Having access to cash at the right time (versus having the right amount of cash) is important to individuals. It is also critically important to businesses. The Purpose of the Statement of Cash Flows The statement of cash flow shows (SCF) shows all sources and uses of funds from operating, investing, and financing activities of a business. The SCF is designed to report a business’s inflows and outflows of money affecting the cash position as well as its beginning and ending cash and cash equivalents balances for each accounting period. The cash inflows and outflows of a business are of significant importance to a business’s owners, investors, lenders, creditors, and managers. The Purpose of the Statement of Cash Flows Cash on a balance sheet is considered to be a current asset. Cash, in this case, refers to currency, checks on hand, and deposits in banks. Cash is not synonymous with the term “revenue” or “sales.” Cash equivalents are short-term, temporary investments such as treasury bills, certificates .

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