Question 2:

The cash flow statement is a mandatory part of a companys financial reports, it records the amounts of cash and cash equivalents entering and leaving the company. The cash flow statement analyzes the cash income and expenditures during a financial period and it has three parts which show the variations in the firms cash flows including operational, investment, and financial activities.

Required:

Discuss the following requirements with illustrative examples from any company in United Arab Emirates or GCC.

1. Concept of the Cash Flow statement
2. Objective of Cash Flow Statement
3. Scope of cash flow statement
4. Applications of cash flow statement