Explain the Purpose and Format of the Statement of Cash

question 27

Essay

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

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Definitions:

Mission

A statement that defines the purpose, goals, and values of an organization, guiding its strategies, decisions, and operations.

Business

The clear, broad, underlying industry or market sector of an organization’s offering.

Performance Targets

Specific goals set for individuals or teams to achieve within a set timeframe, often used as a measure of productivity or quality in the workplace.

Visions

Describes a company's future aspirations or long-term goals, providing a framework for strategic planning and decision-making.