Explain the Purpose and Format of the Statement of Cash

question 155

Essay

Explain the purpose and format of the statement of cash flows.Also,describe its use to decision makers.

---

Definitions:

Sensorimotor Period

The first stage in Jean Piaget's theory of cognitive development, occurring from birth to about age 2, where infants learn through sensory experiences and manipulating objects.

Decentering

A cognitive ability to consider multiple aspects of a situation or adopt another person's perspective, vital in developing empathy and solving problems effectively.

Preoperational

A developmental stage in Jean Piaget's theory, characterized by symbolic thought and egocentrism, typically from ages 2 to 7.

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7-12 years develop logical thinking but still struggle with abstract concepts.