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UTILIZING FINANCIAL STATEMENTS AS CASH FLOW PLANNING AND CONTROL TOOLS

Leo Cheatham (Ph.D., Associate Professor of Finance, Department of Economics and Finance, College of Business Administration, Northeast Louisiana University, Monroe, Louisiana 71209)
Carole Cheatham (Ph.D., CPA, CMA, Professor of Accounting, Department of Accounting, College of Business Administration, Northeast Louisiana University, Monroe, Louisiana 71209)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 August 1993

641

Abstract

Evidence in the literature repeatedly points towards failure to understand cash flow shortages as a major problem of small business operators. Theoretically, they should be able to use financial statements prepared by their accountants as planning and control tools. However, because of accountants' use of the accrual system, rather than cash, and the meticulous detail that tends to make statements too complicated for the untrained user, many operators simply do not attempt to use these statements.

Citation

Cheatham, L. and Cheatham, C. (1993), "UTILIZING FINANCIAL STATEMENTS AS CASH FLOW PLANNING AND CONTROL TOOLS", Managerial Finance, Vol. 19 No. 8, pp. 35-49. https://doi.org/10.1108/eb013740

Publisher

:

MCB UP Ltd

Copyright © 1993, MCB UP Limited

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