Discuss what additional information is provided by a cash flow statement compared to the statement of financial position
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Question
Discuss what additional information is provided by a cash flow statement compared to the statement of financial position and describe what controversies remain in relation to its value to the users of financial statements.
Summary
The question belongs to Accounting and it is discusses about the importance of cash flow statement in addition to income statements and balance sheet. Apart from incomes statement and balance sheet, a cash flow statement is also used for arriving at accurate financial position of the position of an organization.
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