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Answer to Question #73209 in Accounting for Ahsan

Question #73209
Describe how balances are transferred into and out of the budgeted statement of cash flows to explain the statement and how the closing cash is calculated.
Expert's answer
A Cash Flow Statement (also called the Statement of Cash flows) shows how much cash is generated and used during a given time period. It is one of the main financial statements analysts use in building a three statement model. The main categories found in a cash flow statement are the operating activities, investing activities and financing activities of a company and are organized respectively as mentioned. The total cash provided from or used by each of the three activities will be combined with the opening cash balance of the year to calculate the cash flow statement’s bottom line amount or the closing cash balance.
Source:
https://corporatefinanceinstitute.com/resources/knowledge/accounting/cash-flow-statement%E2%80%8B/

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