Flow of Funds statement A summary of a firm's changes in financial position from one period to another: it is also called a sources and uses of funds statement or a statement of changes in financial position Has been replaced by the cash flow statement(1989 ) in U.S. audited annual reports. 7-37-3 Flow of Funds Statement Has been replaced by the cash flow statement (1989) in U.S. audited annual reports. A summary of a firm’s changes in financial position from one period to another; it is also called a sources and uses of funds statement or a statement of changes in financial position