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| Author: | Mills, J. |
| Title: | The power of cash flow ratios |
| Journal: | Journal of Accountancy
1998 : OCT, VOL. 186:4, p. 53-62 |
| Index terms: | FINANCE POWER ACCOUNTING |
| Language: | eng |
| Abstract: | Many auditors spend less time with the cash flow statements than with the income statement and balance sheet. They shouldn't. To fully understand the company's viability as an ongoing concern, an auditor would do well to calculate a few simple ratios from data on the client's cash flow statement (the statement of sources and users of cash). Without that data, he or she could end up in the worst possible position for an auditor -- having given a clean opinion on a client's financials just before it goes belly up. |
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