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CASH FLOW is the life blood of a hotel. To manage a hotel's assets properly, the hotel's management must understand cash flow. The Financial Standards Board (FASB) has mandated that companies issue a statement of cash flow (SCF), in addition to the traditional income statement and balance sheet. The SCF is a replacement of the little-understood measure called statement of changes in financial position (SCFP)...
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CASH FLOW is the life blood of a hotel. To manage a hotel's assets properly, the hotel's management must understand cash flow. The Financial Standards Board (FASB) has mandated that companies issue a statement of cash flow (SCF), in addition to the traditional income statement and balance sheet. The SCF is a replacement of the little-understood measure called statement of changes in financial position (SCFP)...
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