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Uses of Funds Flow Statement:
This declaration is extremely helpful for policy makers as it traces the movement of funds inside the organization. Various of the uses include the subsequent:
i) It make clear the financial cost of business operations by providing a whole picture of sources and applications of funds.
ii) It proceeds as an instrument for allotment of resources
iii) It measures the effectiveness of the management in utilizing the funds in the past
iv) It is a examination as to effective or otherwise use of working capital
v) It aids in useful decision making
Q. Financial accounting standards boards conceptual framework? Experts have discussed the exact nature of the basic concepts and related principles composing accounting theory
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A time of 12 consecutive months used by an organization to account for and report the results of its operations.
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