Do cash flows statements provide useful information to the users of accountants? That is this month’s question for top tutor Tom Clendon.
The conceptual framework for financial reporting uses that key word ‘useful’, and information can only be that if it is both relevant and faithfully represented.
Now, cash flow statements show all the cash inflows and outflows, and that says Tom makes them relevant!
To find out more about understandability, comparability, verifiability, and timeliness read his latest piece on page 28, in PQ magazine’s November issue:https://issuu.com/pqpublishing/docs/pq_nov24_issue
Our aim is to inspire, connect and entertain, and you can subscribe for your free monthly online copy of the magazine at www.pqmagazine.com.
