ECONOMICS

Detailed explanation-1: -It helps creditors assess the solvency, liquidity, and creditworthiness of businesses. Along with its cousin, managerial accounting, it helps businesses make decisions about how to allocate scarce resources.

Detailed explanation-2: -Financial Management Information Systems (FMIS) support the automation and integration of public financial management processes including budget formulation, execution (e.g. commitment control, cash/debt management, treasury operations), accounting, and reporting.

Detailed explanation-3: -A cash flow statement provides data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. The cash flow statement includes cash made by the business through operations, investment, and financing-the sum of which is called net cash flow.

Detailed explanation-4: -The cash flow statement exhibits information beyond the income statement and the balance sheet. It provides a reconciliation between the opening balance of the cash and cash equivalent and the closing balance of the cash and cash equivalent over the reporting period.