ststementofcashflows.pdf - Running head STATEMENT OF CASH FLOWS Statement of Cash Flows University of Maryland University College 1 STATEMENT OF CASH

ststementofcashflows.pdf - Running head STATEMENT OF CASH...

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Running head: STATEMENT OF CASH FLOWS 1 Statement of Cash Flows University of Maryland University College September 30, 2018
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STATEMENT OF CASH FLOWS 2 Statement of Cash Flows A Memo to Juan The main purpose of the statement of cash flows is to provide information about cash inflows, which is receipts or sources of cash, and cash outflows, which is payments or uses of cash, of a business for a period (Parks, p.4). The statement of cash flows is an integral financial statement which ties other statements together to see a complete picture of a company’s financial health. The statement of cash flows classifies the cash receipts and cash payments of a company by business activities, which are operating, investing, and financing. The sum of sections of each activity reports the result of the amount of cash in the cash account from the beginning of the period to the end of the period on the statement of cash flows.
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