Publication Date

1-1-1994

Document Type

Dissertation/Thesis

First Advisor

Norton, Curt

Degree Name

B.S. (Bachelor of Science)

Department

Department of Accountancy

Abstract

The methods of reporting cash flows has undergone continuous change since the late 1800's. My objective of writing this paper was to determine if the current method of reporting cash flows, the Statement of Cash Flows, is more useful than prior cash flow statements like the "Funds" Statement or the Statement of Changes in Financial position. This paper discusses: 1) the history of reporting cash flows, 2) problems associated with past methods, 3) current cash flow reporting requirements, 4) why current methods are better than old methods, and 5) the improved ratio analysis possible with the information derived from the Statement of Cash Flows. My research from accounting text books, journals, magazines, and actual financial statements (Quaker Oats) has helped me determine that the Statement of Cash Flows is more useful than prior statements; it meets the objectives of financial reporting, allows a comparable presentation of cash flow information, and is easier to understand. Many improvements have been made to cash flow reporting, however, as explained by Arthur Stone Dewing, there is always room for more improvement.

Extent

42 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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