Explore our comprehensive workflow for creating a meticulous Statement of Cash Flows Template, making data gathering, calculations, approvals and presentation effortless.
1
Gather all relevant financial data
2
Determine the time period for which the Statement of Cash Flows will be generated
3
Calculate the company's cash flow from operating activities
4
Calculate the company's cash flow from investing activities
5
Calculate the company's cash flow from financing activities
6
Summarize the total change in cash
7
Verification of calculated cash flows with initial data
8
Add an introductory statement at the start of the template
9
Create appropriate sections to separate the types of cash flows
10
Generate a total cash flow figure at the end of the template
11
Preview the output for any misalignment or errors before generating the report
12
Approval: Financial Manager for the initial draft of the Statement of Cash Flows Template
13
Make any necessary edits and modifications based on the manager's feedback
14
Run a final check on the figures and language used in the Statement of Cash Flows Template
15
Remember to save the final version of the template for future reference
16
Print the Statement of Cash Flows template
17
Approval: CFO for the final Statement of Cash Flows Template
18
Prepare to present the Statement of Cash Flows to stakeholders if necessary
19
Archive the prepared statement for future reference
Gather all relevant financial data
In order to create an accurate Statement of Cash Flows, gather all the relevant financial data including income statements, balance sheets, and cash flow statements. This task is crucial as it forms the foundation for the entire process. Make sure to include all necessary financial documents and reports.
Determine the time period for which the Statement of Cash Flows will be generated
Decide on the specific time period for which the Statement of Cash Flows will be generated. Consider factors such as quarterly or annual reporting requirements, the availability of financial data, and any applicable accounting standards. This task determines the timeframe for the entire statement.
1
Quarterly
2
Annually
Calculate the company's cash flow from operating activities
Calculate the cash flow from the company's operating activities. This involves analyzing the company's income statement and adjusting for non-cash expenses and changes in working capital. It is important to accurately calculate this figure as it reflects the company's core operational cash flow.
Calculate the company's cash flow from investing activities
Calculate the cash flow from the company's investing activities. This includes evaluating the company's capital expenditures, acquisitions, and the sale of assets. It is essential to accurately calculate this figure as it reflects the company's investment-related cash flow.
Calculate the company's cash flow from financing activities
Calculate the cash flow from the company's financing activities. This involves analyzing the company's debt issuance, equity financing, and dividend payments. It is crucial to accurately calculate this figure as it reflects the company's financing-related cash flow.
Summarize the total change in cash
Summarize the company's total change in cash by incorporating the cash flow figures from operating activities, investing activities, and financing activities. This summary provides an overview of the company's overall cash flow for the selected time period.
Verification of calculated cash flows with initial data
Verify the calculated cash flows from the previous tasks by cross-referencing with the initial financial data. This task helps to ensure the accuracy of the cash flow figures and identify any discrepancies that need to be resolved.
Add an introductory statement at the start of the template
Add an introductory statement at the beginning of the template to provide context and set the tone for the Statement of Cash Flows. This statement should briefly explain the purpose and significance of the statement.
Create appropriate sections to separate the types of cash flows
Create sections within the template to clearly separate and distinguish the different types of cash flows, namely cash flows from operating activities, investing activities, and financing activities. This helps to organize the statement and improves readability.
1
Cash flows from operating activities
2
Cash flows from investing activities
3
Cash flows from financing activities
Generate a total cash flow figure at the end of the template
Generate a total cash flow figure at the end of the template by summing up the cash flow figures from operating activities, investing activities, and financing activities. This total cash flow figure represents the overall change in cash for the selected time period.
Preview the output for any misalignment or errors before generating the report
Preview the output of the Statement of Cash Flows template for any misalignment or errors before generating the final report. This allows for adjustments to be made to ensure the accuracy and presentation of the statement.
Approval: Financial Manager for the initial draft of the Statement of Cash Flows Template
Will be submitted for approval:
Create appropriate sections to separate the types of cash flows
Will be submitted
Generate a total cash flow figure at the end of the template
Will be submitted
Make any necessary edits and modifications based on the manager's feedback
Review the Statement of Cash Flows template and make any necessary edits and modifications based on the feedback received from the manager. This task ensures that any requested changes or improvements are implemented before finalizing the template.
Run a final check on the figures and language used in the Statement of Cash Flows Template
Perform a final check on the figures and language used in the Statement of Cash Flows template to ensure accuracy, consistency, and clarity. This task helps to identify and correct any potential errors or issues before finalizing the template.
Remember to save the final version of the template for future reference
Save the final version of the Statement of Cash Flows template for future reference and use. This task ensures that the completed template is securely stored and easily accessible for future use or revisions.
Print the Statement of Cash Flows template
Print a physical copy of the Statement of Cash Flows template for record-keeping and distribution purposes. This task ensures that a hard copy is available and can be referenced or shared as needed.
Approval: CFO for the final Statement of Cash Flows Template
Prepare to present the Statement of Cash Flows to stakeholders if necessary
Prepare to present the Statement of Cash Flows to stakeholders if necessary. This may include creating a presentation or summary document to effectively communicate the key findings and insights from the statement.
1
Create presentation slides
2
Compile summary document
3
Practice presentation
Archive the prepared statement for future reference
Archive the prepared Statement of Cash Flows for future reference and compliance purposes. This involves securely storing the statement in a designated location with appropriate access controls to ensure its integrity and confidentiality.
