IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-12998-0_23.html
   My bibliography  Save this book chapter

Cash flow statements

In: UK Gaap

Author

Listed:
  • Mike Davies

    (Ernst & Young)

  • Ron Paterson

    (Ernst & Young)

  • Allister Wilson

    (Ernst & Young)

Abstract

There are only two types of financial statement: a statement which reports stocks of resources and claims against them at a single point in time (e.g. a balance sheet); and a statement which reports flows of resources (e.g. a profit and loss account). The gradual shift in emphasis in external financial reporting from the balance sheet to the profit and loss account highlighted the fact that the profit and loss account was not able to reflect the full resource flow activities of a business enterprise. Because it is only concerned with resource flows that are part of the earnings activity, the profit and loss account fails to distinguish between the different types of resources consumed in the earnings activity; nor does it report changes in resources resulting from the business’s investing or financing activities.1

Suggested Citation

  • Mike Davies & Ron Paterson & Allister Wilson, 1992. "Cash flow statements," Palgrave Macmillan Books, in: UK Gaap, edition 0, chapter 0, pages 1203-1267, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12998-0_23
    DOI: 10.1007/978-1-349-12998-0_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-12998-0_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.