0
Cp2gd Posted 17 years ago
Grammar
Cash Flow Statement vs Statement of Cash Flows
Hello,
Recently the International Accounting Standards Board, which issues the International Financial Reporting Standards, renamed the Cash Flow Statement as Statment of Cash Flows. I can't understand the difference between both expressions. Can you help me out, please?
Thank you very much.
Rui.
Recently the International Accounting Standards Board, which issues the International Financial Reporting Standards, renamed the Cash Flow Statement as Statment of Cash Flows. I can't understand the difference between both expressions. Can you help me out, please?
Thank you very much.
Rui.
Top answer
There is no difference in what is reported (though you have misspelt 'Statement' in the new expression). The IASB merely wishes to make it more clear that there are multiple flows of cash in an organization.
- There is no difference in what is reported (though you have misspelt 'Statement' in the new expression).
- The IASB merely wishes to make it more clear that there are multiple flows of cash in an organization.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
There is no difference in what is reported (though you have misspelt 'Statement' in the new expression). The IASB merely wishes to make it more clear that there are multiple flows of cash in an organization.
00
Hello,
Yes, I know that the information to be reported is the same. I just wanted to know whether there is any difference in meaning between both expression, ie, saying "Cash Flow Statement" is the same as saying "Statement of Cash Flows"?
Thanks a lot.
Rui.
Yes, I know that the information to be reported is the same. I just wanted to know whether there is any difference in meaning between both expression, ie, saying "Cash Flow Statement" is the same as saying "Statement of Cash Flows"?
Thanks a lot.
Rui.
0
Related Questions