27/11/2024
Accounting #0018: The Statement of Cash Flows
The Statement of Cash Flows is a financial report that shows how much cash a company has generated and used during a specific time period. It's divided into three sections:
• Operating Activities
• Investing Activities
• Financing Activities
Essentially, it tracks the movement of cash in and out of the business, like a detailed bank statement. This helps assess the company's overall financial health and its ability to meet its obligations.
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