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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Using Cash Flow Statements

The cash flow statement is key to understanding how well cash, which is the lifeblood of a business, is being managed. Give this statement the attention it deserves, since the profit and loss account and balance sheet can provide only a part of the picture.

DK Remember the adage that profits are vanity and cash is sanity.
DK Bear in mind that profits do not repay loans – only cash can do that.

Focusing on cash

The third of the key financial statements, the cash flow statement, is practically the most important yet is often ...

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