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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 738 |
Essay's paper body
(Block & Hirt, 2005) The statement of cash flow translates income statement and balance sheet data into cash flow information. Accurate cash flow data allows the business to better assess its ability to pay cash dividends, invest in new equipment and continue to grow. (Block & Hirt, 2005) Sound accurate financial statements are key to making informed, ethical business decisions...
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(Block & Hirt, 2005) Sound accurate financial statements are key to making informed, ethical business decisions.
“In August of 2002, Congress passed and the president signed legislation that requires CEOs to sign documents attesting to the truthfulness of their accounting statements. In the event the statements are false, the CEO can be charged with a felony, and large fines and even prison time can follow...
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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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