Statement of cash flows explained

What is a statement of cash flows and how is it useful for businesses? A cash flow statement or statement of cash flows a form of financial statement and it is one of the most important used for businesses. The statement of cash flows reports incoming cash and outgoing cash for business over a given period of time. This statement is useful to observe how cash is flowing in and out of the business and also gain foresight to see if there may be cash shortcomings in the future. Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup