CASH FLOW STATEMENT

INTRODUCTIONS

A business enterprise normally prepares the following two financial statements

• Profit or loss or income statement which helps to find out the profit or loss made as result of operations of the company over a specified period.
• Balance sheet or financial position statement which reflects the state of asset and liabilities of company on a particular period.
  Another required financial statement is cash flow statement. This is requirement of International Accounting 7 (IAS 7)