Statement of Changes in Position
- Topics:
- Financial Statements
- Source:
- CCH
FREE Registration is required
Overview: The statement of changes in financial position provides data that are not explicitly present in the balance sheet or the income statement. This statement helps to explain how the company acquired its money and how it was spent. This statement can also help to identify financing needs, to identify cash drains, and to identify holes in the cash budgeting process. Use the statement of changes in financial position as a tool to analyze cash inflows and outflows. Also, use it as a starting point to forecast future cash flows and financing requirements. The statement of changes in financial position includes a supplement detailing the net changes in working capital. Specifically, this would include increases (or decreases) in accounts receivable, inventory, and accounts payable.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2003 | Pages: 1
People who downloaded this item also downloaded
 |
Understand Financial Statements |
|
Working Capital Analysis |
 |
Statement Of Financial Position |
 |
Financial Statement Analysis |
|
Working With Financial Statements |
