The statement of cash flows (SCF) is one of the three main financial statements that show the financial performance and position of a company. The SCF summarizes the cash inflows and outflows that occurred during a specific period, such as a month, a quarter, or a year. The SCF reveals how a company manages its cash, which is vital for its operations, investments, and financing activities. Continue reading What is the Statement of Cash Flows and How to Read It?

Liabilities are the amounts that a business or an individual owes to others, such as lenders, suppliers, employees, or tax authorities. Liabilities arise from past transactions or events that create an obligation to pay or deliver cash or other assets … Continue reading What are Liabilities and How to Manage Them?

Assets are the economic resources that belong to or are controlled by a person, a business, or a country. Assets can provide future benefits, such as generating income, reducing costs, or increasing value. Assets can be classified based on different … Continue reading How to Classify Assets Based on Different Criterias

Assets are the resources that a business or an individual owns and uses to generate income or value. Assets can be classified into two main types: real assets and financial assets. Real assets are tangible or intangible items that have … Continue reading What are Assets and Why are They Important?