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It’s very important that readers understand what are cash flow statements and the components in it.
Earnings can be distorted by using creative accounting but cash flow are difficult to do so. A company can be profitable but it can collapse due to illiquidity/insolvency.
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FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
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