Why is the information disclosed in the income statement and the balance sheet not considered suffi cient

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Why is the information disclosed in the income statement and the balance sheet not considered suffi cient for users of fi nancial information? What is so important about cash fl ow that it has an International Accounting Standard, IAS 7, devoted to it?

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Financial Accounting

ISBN: 9780273723073

1st Edition

Authors: Tony Davies, Ian Crawford

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