Introduction to Cash Flow Statements
Accounting · 6th Year · Cash Flow Statements · 3o Periodo

Introduction to Cash Flow Statements

Understand the purpose of cash flow statements and distinguish between cash and profit.

NCCA Curriculum SpecificationsNCCA Leaving Certificate Accounting: Section 1 Financial Accounting;Understand the purpose of a Cash Flow Statement and distinguish between cash and profit.

About This Topic

Understand the purpose of cash flow statements and distinguish between cash and profit.

Key Questions

  1. Why is it possible for a profitable company to run out of cash?
  2. How does a cash flow statement differ from a profit and loss account?
  3. What are the main regulatory requirements under FRS 1 for cash flow reporting?

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