The Accrual Method for a Profit & Loss Statement. If you own your own business or manage one for someone else, you can learn how your business performed in a given period by reviewing your company ...

Imagine a company such as General Electric using the direct method to prepare its cash flow statement, which essentially is like going through the company's entire bank statement.

Compare India's Accounting Standard 3 (AS 3) and Ind AS 7 on cash flow statements. Learn about their objectives, classification methods, and key differences in reporting ...