Category Archives: STATEMENT OF CHANGES IN FINANCIAL POSITION

STATEMENT OF CHANGES IN FINANCIAL POSITION

STATEMENT OF CHANGES IN FINANCIAL POSITION INTRODUCTION The balance sheet and income statement/profit and loss account (described in Appendix 6-A) are the traditional basic financial statements of a business enterprises, While they do furnish useful financial data regarding its operations, a serious limitation of these statements is that they do not provide information regarding changes in the firm's financial