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Lecture notes FINANCIAL ACCOUNTING (BF1120)
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Cash vs. Profit& Cash Flow
Statement
Presentation title
Sub head text
, Recap!
• Statement of Profit and Loss (SPL)
• Measures profitability of a business over an
Accounting period by taking away expenses
incurred from the revenues earned
• Revenue recognition (when earned /
prudence)
• Expense recognition (Matching convention)
• Preparing a simple SPL
,How the three financial statements are inter-related (articulated)
, Learning objectives
At the end of this session you should be able to:
✓ Explain the nature and purpose of cash flow statement
✓ Prepare a cash flow statement
✓ Interpret the information contained within a cash flow
statement.
Managing Cash is Crucial to Business Survival!!!!!!!
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