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If you don’t know about Statement of Cash Flows then kindly read “ S tep in the Accounting Cycle ” , so that you can better know about this Statement. After preparing Balance Sheet or Statement of Comprehensive Financial Position, the number of this Statement comes. This financial Statement helps the company to pay debts and proposed dividend to shareholders. The company businesses need financing, especially external financing to generate resources in future. For the Preparation of this statement, you need to know the basic of Accounting . The efficient presentation of this statement can influe nce the Users of Financial Statements , especially investors who want to invest the money in company businesses. Below we discuss two methods used for the preparation of this statement. In order to solve Cash Flow Problems or in order words to better know about how to prepare statement of Cash Flows, there are two methods of its preparation: ü Direct Method This...

Here we discuss about steps in the Accounting Process. Accounting Cycle is the basic of the Accounting. The whole system of accounting processes are operated throughout the Accounting period is called Accounting Cycle. Every Step has its great importance. We can not ignore any one of these. There are following steps / stages in the Accounting Cycle and we can say that the Accounting Process begins with the following Accounting Cycle Steps: Accounting Cycle Order Below are the  steps in the Accounting Cycle: 1.    Voucher (Source Document) 2.    Journal (Recording) 3.    Ledger 4.    Trial Balance 5.    Final Accounts (Income Statement and Balance Sheet) 6.    Cash Flow Statements 7.    Statement of Changes in Equity 8.    Notes to the accounts 1)    Voucher (source Document) Voucher means any written evidence in support of ...