What is Conversion From Fund Financial Records To Government Wide Financial Statements?
Financial statement from financial accounting deals with preparation of a statement of all kind of financial activities made by the organization within a time period. These cash flow statements are used for making several other kinds of financial statements that are required to know the overall growth of the organization in a certain period of time. Cash flow statements from financial investments basically include all kind of debts that are taken by the organization as well as cash paid to other customers as a loan. This financial statement is used to evaluate the profit and loss of the organization.
Financial statement from financial activity whether it can be positive or negative. If it comes negative so it shows that company is facing financial crisis and is not able to pay its debt this statement effects net cash flow. Similarly if the output comes positive it shows company is gaining profit or is working well. Depending upon the net Financial statement from financing activity the growth of the company is determined. Financial statement from financial activities is used to determine the financial status of the organization.
For example, in a steel products manufacturing organization, the loans that are taken by the organization for the growth of organization, as well as the fund that organization has provided to several other dependent companies in a certain period of time included in the financial statement and these statement includes all the entries which is made for several assets for the favor of organization is included all these entry records. This Financial statement from financial activity includes all the loans and funds complete detail information.
Financial statement from financial activity are used in several organization as a direct method and indirect method, the direct method each and every entry is made as per the financial activities done is a certain period of time. The net Financial statement from financial activity is used for making net Financial statement of overall organization. These cash flow statements also include Financial statement from investment activity and net cash flow from operating activities. In Financial statement from operating activities includes cash flow that is made by overall cash flow in business operation of the organization and in Financial statement from investment activities includes cash that is made by investment which is done in favor of organization growth. These all three activities come under the method of cash flow statement. All these activities are the part of cash flow statement. These activities are considered in both the methods i.e., Direct and Indirect. The direct method takes overall records pr each and every entry; however the indirect method is used to take net cash flow from each activity and the resultant of overall three activities. These activities resultant are further used in several other financial statement preparing. Overall cash flow statements made by these three activities are used to evaluate the growth and performance of organization with respect to other competitive organizations
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