Financial statement flow chart. Due to accounting convention net income can fall out of alignment with cash flow. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. In financial accounting a cash flow statement also known as statement of cash flows or funds flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents and breaks the analysis down to operating investing and financing activities.
On february 25 2017 good deal sells 10 calculators to a nearby high school for 80 each. Matt delivers the calculators on february 25 and gives the school an 800 invoice due by march 10. Consolidated financial statements are defined as financial statements of a group in which the assets liabilities equity income expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity according to international accounting standard 27 consolidated and separate financial statements and international financial reporting.
Flow diagram of the progress through the phases of a parallel randomised trial of two groups that is enrolment intervention allocation follow up and data analysis templates of the consort flow diagram are available in pdf and in ms word. The cash flow statement. An audit is a systematic and independent examination of books accounts statutory records documents and vouchers of an organization to ascertain how far the financial statements as well as non financial disclosures present a true and fair view of the concern.
The cash flow statement merges the balance sheet and the income statement. Introduction to cash flow statement. The cash flow statement is the most important financial tool you have.
Financial statement analysis is the process of analyzing a companys financial statements for decision making purposes and to understand the overall health of an organization. The consort flow diagram.