The cash flow statement provides information on the cash that is obtained from operating activities, which are the core objects of an entity... (Thomas, A. & Ward, A.M. 2019 pp576)

You are required to discuss why the net cash from operations is different from the net profit and the impact which the management of working capital has on cash flow. Develop your response through more detailed discussion of the broad range of issues and considerations associated with the management of one element of working capital i.e. inventory, trade receivables or trade payables.