Preparation of Cash Flow Statement: within accounting system - Softcover

Boyar, Ender

 
9783846511282: Preparation of Cash Flow Statement: within accounting system
Softcover
ISBN 10: 3846511285 ISBN 13: 9783846511282
Verlag: LAP LAMBERT Academic Publishing, 2011

Inhaltsangabe

Usually CFS is prepared at the end of period using income statement and beginning – ending balance sheets. However, we think that also it can be produced independent of balance sheets and income statement using parallel accounts for this purpose, which will be more useful. Since the transactions occurred during period are recorded depending on the accrual basis; we can not prepare a CFS depending on the Adjusted trial balance as we depend for preparation of Balance Sheet & Income Statement. Therefore, we should take the income statement for the period and beginning & ending balance sheets to prepare a CFS for the period. Our view is that it will be useful for managers to receive the CFS directly from the accounting system as we do for other financial statements instead of depending income statement & balance sheet together with some estimation usually needed when we prepare CFS at the end of accounting period. If CFS is to be prepared directly from the accounting system, then it is compulsory to follow a different method for recording the transactions during period. Therefore the starting point of our approach is to develop such a method.

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Reseña del editor

Usually CFS is prepared at the end of period using income statement and beginning – ending balance sheets. However, we think that also it can be produced independent of balance sheets and income statement using parallel accounts for this purpose, which will be more useful. Since the transactions occurred during period are recorded depending on the accrual basis; we can not prepare a CFS depending on the Adjusted trial balance as we depend for preparation of Balance Sheet & Income Statement. Therefore, we should take the income statement for the period and beginning & ending balance sheets to prepare a CFS for the period. Our view is that it will be useful for managers to receive the CFS directly from the accounting system as we do for other financial statements instead of depending income statement & balance sheet together with some estimation usually needed when we prepare CFS at the end of accounting period. If CFS is to be prepared directly from the accounting system, then it is compulsory to follow a different method for recording the transactions during period. Therefore the starting point of our approach is to develop such a method.

Biografía del autor

Dr. Ender BOYAR has been a assistant professor in the Vocational School at Fatih University, Istanbul, Turkey since October 2000. He has obtained his PhD degree in Management in 2011. His fields of study are IFRS and behavioral accounting. He is married and has two children.

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2011
Sprache
Englisch
ISBN 10 
3846511285
ISBN 13 
9783846511282
Einband
Tapa blanda
Anzahl der Seiten
84
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