The Cash Flow Statement: Tracking the King


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The Cash Flow Statement: Tracking the King
1010202The Cash Flow Statement: Tracking the KingWe've examined the income statement in some detail in the preceding chapters. We've noted its importance in measuring the performance of an organization, and its familiarity as the financial statement most readily recognized and understood by nonfinancial folks. We should also note its shortcomings as the sole report card on financial operations, perhaps most importantly: It doesn't report on all the transactions that occur in a company unless they have an immediate impact on profit or loss. Many transactions without such immediate profit and loss impact can be for big dollars, such as buying new equipmen…
Citation
Gene Siciliano, C.M.C., C.P.A.: Finance for Non-Financial Managers. The Cash Flow Statement: Tracking the King, Chapter (McGraw-Hill Professional, 2003), AccessEngineering Export