Use BookMyEssay:Funds Flow Statement Assignment Help

The importance of funds flow statement can’t be denied as it allows people to study the alterations in the economic position of the business enterprises between the beginning and finishing financial statement dates. This is acknowledged as a statement that shows the utilization of funds and sources for a period.

Funds flow statement also describes the foundations from which extra working capital has got financed. These statements are especially significant to assess a firm’s growth, its resulting financial requirements, and to determine the finest method of financing these requirements.

At a time when the management makes use of some projected funds flow statements, they can be aware of the inadequacy or adequacy of working capital. With it, a person can plan the long-term and intermediate financing of the firms, allocation of resources, businesses’ expansion, and repayment of long-term debts.

Steps Involved in Preparing Funds Flow Statement

Some steps that are included in preparing the funds flow statement are:

• Regulate the changes in working capital.
• For every non-current account mentioned on the balance sheet, form the decrease or increase in that account. Examine the alterations to make out whether or not it is a decrease (use) or increase (source) of working capital.
• Make out the adjustments account which is made to the net income.

Aims of Funds Flow Statement

The question that remains unanswered is why do people prepare the funds flow statement? The importance of funds flow statement arises because the loss and profit and balance sheet don’t explain the reasons that happen in the financial positions. The balance sheet and profit and loss do give a couple of figures for the previous years and current year.

Commonly, the funds flow statement provides people the following information:

• Sources of funds – Sources of funds tell people the source from where funds have emerged.
• Application of funds – Application of funds explains people the places where these funds were utilized.

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Advantages of Funds Flow Statement

The concept of funds flow statement is hugely important for long term analysis. This is a vital tool in the management’s hands for judging the operating and financial performance of a company. The income statement (profit & Loss account) and the balance sheet do fail in proposing the information that the funds flow statement proposes. This kind of analysis turns hugely helpful to creditors, shareholders, management, etc.

• You can use funds flow statement to answer the questions like:
  • Where are the profits?
  • The reasons for the imbalance that exists between the profitability position and liquidity position of the enterprises.
  • The reasons that make the concern financially sturdy despite the losses.
• The analysis of funds flow statement is also helpful to the management for testing whether or not the working capital has got used effectively.
• Funds flow statement also aids the investors to decide whether a company has been successful in managing its funds appropriately.

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