Limitations of statements of cash flows Flashcards
1
Q
Limitations? (3)
A
Shareholders still need to use other financial statements
Historical, don’t indicate future
Many items are summarised and don’t provide detailed information
Accounting > Limitations of statements of cash flows > Flashcards
Limitations? (3)
Shareholders still need to use other financial statements
Historical, don’t indicate future
Many items are summarised and don’t provide detailed information