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Yogita Ingle 5 years, 11 months ago
Simply, cash flow statement indicates the amount of cash receipts and the amount of cash payments or disbursements during a specified time. It outlines from where cash was generated and to where it was expensed. In other words, it reports the cash inflows and cash outflows, during a time period.
The cash flow statement shows the net increase or decrease in cash and explains the causes for the changes in the cash balance, during a certain time period. The major business activities that result in either net cash inflow or net cash outflow are Operating, Financing and Investing activities.
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Yogita Ingle 5 years, 11 months ago
Characteristics of Management: Following are the main characteristics of management:
Management is a Goal Oriented Process: No goal in the hand-no need of management. In other words, we need management when we have some goals to be achieved. A manager on the basis of his knowledge and experience tries to achieve the goals which are already decided. Hence, nothing is wrong to say that management is a goal oriented process.
Management is all Pervasive: Anything minus management is nothing or zero. Here, by anything we mean all types of activities-business and non-business. If we deduct management out of these activities, the result will be failure or zero. It means management is necessary to conduct any type of activities. Hence, it is pervasive or universal.
Management is a Group Activity: It means that it is not a single person who con-summates all the activities of an organisation but it is always a group of persons (Managers).Hence, management is a group effort.
Management is an Intangible Force: Management is that power which cannot be seen. It can only be felt. If any organisation is heading toward higher levels of achievement, it signifies an existence of good management and vice-versa.
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Ritesh Patel 5 years, 11 months ago
1Thank You