How to prepare an annual cash flow statement?
May 9, 2009 by Accounts Receivable Factoring
Filed under Cash Flow
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I have a project which to make the annual cash flow statement for XYZ company from their quarterly reports. Should I just add up amount of cash receipts and cash expenditures for all three sections because I was told there are some tricky things when someone does that? Your help is much appreciated.
I know how to make them, but I am not sure whether or not I should add cash (receipts or expenditures) in quarter 1, quarter 2, quarter 3, and quarter 4 to figure out the annual cash (receipts or expenditures)
Have you claimed your Genesis site?
I have a project which to make the annual cash flow statement for XYZ company from their quarterly reports. Should I just add up amount of cash receipts and cash expenditures for all three sections because I was told there are some tricky things when someone does that? Your help is much appreciated.
I know how to make them, but I am not sure whether or not I should add cash (receipts or expenditures) in quarter 1, quarter 2, quarter 3, and quarter 4 to figure out the annual cash (receipts or expenditures)
Have you claimed your Genesis site?
Factoring Feedback: The article below actually describes in detail how to prepare a cash flow statement.
In the business world if you use Peachtree Accounting it prepares the cash flow statement for you. I presume you are an accounting student and this is an assignment.
Factoring Feedback: Generally, yes, you add the 4 quarterly reports, but not certain items. Your opening cash is the opening cash from the 1st quarter, and the ending cash is the ending cash from the 4th quarter.