Insitution
Cash flow statement complements the balance sheet as well as the profit and loss account. The balance sheet reflects the company's financial position at a particular time (e.g. the end of the accounting period), and cash flow statement explains changes that have occurred with one of the components of the financial statements - in cash - from one balance sheet date to another (Dambolena & Shulman, 1988).
Balance is one of the main elements of the financial and management accounts. Depending on the destination and type of company, balance sheet structure can vary significantly (Spurga, 2004). However, its structure always ...