CASH FLOW STATEMENT – TOOL FOR EFFICIENT MANAGEMENT OF THE FINANCIAL SITUATION OF THE ENTERPRISE

Viktor Hadzhikotev
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Viktor Hadzhikotev: Southwest University“Neofit Rilski”

Romanian Economic Business Review, 2013, vol. 8, issue 4.1, 44-49

Abstract: Dynamism of economic activity and changes in the regulations which it governs, cause sometimes substantial deviations between actual and expected financial situation of enterprises. One comes to a situation where enterprises provide a result in the profit and loss statement, drawn and conform to the current regulations, while experience shortages of cash. It is to clarify such facts and circumstances of annual financial statements of enterprises targeted nature of the cash flow statement. Significant differences occur between the time when cash flows are reported in the accounts, on the one hand, and the time in which they occur, on the other. Structural changes and inflation processes in economy cause the natural need to be monitored over time, since the impact of these external factors is reflected more quickly in the information presented in the cash flow statement rather than in the content of the profit and loss statement.

Keywords: Cash flow statement; Analysis; Control; Market economy; Management of the enterprise (search for similar items in EconPapers)
Date: 2013
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