Cash flow statement

The end of the year is approaching fast, and for most businesses it means they need to close their accounts and prepare their financial statements. Unfortunately, this year there may be some trouble around the corner: due to exceeding predefined thresholds, many organisations will be burdened with additional obligations arising from the requirement to have their financial statements audited by a statutory auditor.

The Cash flow statement is an element of financial statements. However, not all entities applying the provisions of the Accounting Act are obliged to prepare a cash flow statement.