Internal Control System The internal control structure of a company consists of the policies and procedures established to provide reasonable assurance that specific entity objectives […]
Petty Cash, Balance Sheet Presentation of Cash and Cash Equivalent Petty cash is a part of an organization’s cash in hand, specifically used for day-to-day […]
Preparation of the Bank Reconciliation Statement A bank reconciliation statement is a document that compares the cash balance on a company’s balance sheet to the […]
Components of Cash and Cash Equivalents Cash and cash equivalents refer to the line item on the balance sheet that reports the value of a […]
Use of Computers in Preparation of Cash Flow Statement Computers help accountants store and access financial records, make changes and alleviate the need to keep […]
Reconciling Cash Flow under Operating Activity using Indirect Method Reconciling in Cash flow from operating activities (CFO) indicates the amount of money a company brings […]
Preparation of cash flow statement using the direct method The Cash Flow Statement has three sections: operating activities, investing activities, and financing activities. The direct […]
Formats of the statement of cash flows In Formats of the statement of cash flows, a cash flow statement is also known as the statement […]
Financing, investing and operating activities Operating activities include cash activities related to net income. Investing activities include cash activities related to noncurrent assets. Financing activities […]
Statement of cash flow The cash flow statement shows the exact amount of a company’s cash inflows and outflows over a period of time. The […]
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