Management and Accounting

 
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Management and Accounting

Statement of Cash Flows: method under direct format

Abstract: The direct method of presenting cash flow statements has been the traditionally preferred format because of its accuracy. However, some authorities have argued that this direct method is too costly despite its advantages. This research presents a new method of preparation with the aim of changing the actual trend in the international context. Its advantages are fast implementation, low costs, conformity to IFRS and no dramatic changes in data processing. This paper explains all the changes needed to adapt an accounting software package to this new methodology.


Statement of cash flows: research history.

Read more about this transaction-based approach to cash flow reporting and management. The latest solution provide to statement of cash flows under direct format of presentation and auditing tool.


Reference list

The present reference list was considered part of the theoretical support to analyse statement of cash under direct format of presentation. More information in this link.


Research funding

The present research has been funded by personal donations of who considered improvements in accounting essential to the economic development. 'Abstract and introduction' is available in this page.


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