28 Feb '14, 9am

$avvy #Blog Corner: Running yourself like a company - #Cash flow analysis I #finance

I've been running a series of posts on the theme of managing yourself like how you would run a company. There are three important financial statements to report to regulating authorities or to investors; these are the income statement, balance sheet and cash flow statement. I've already commented on the first two. The links are listed below: 1. Running yourself like a company - income statements 2. Running yourself like a company - balance sheet The third one, cash flow statement, is really important in a company because of the way the income statement is derived. The report is prepared under the accrual basis of accounting, hence as long as the sales/services are fulfilled by the company, there will be an credit to the income. Since it's normal to give customers credit, the actual payment of the goods and services might not come in until a while later, thus whatever incre...

Full article: http://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=182518...

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$avvy #Blog Corner: Running yourself like a #Company - #Cash Flow Analysis II

$avvy #Blog Corner: Running yourself like a #Co...

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