The Major Financial Statements . The statement of cash flows Table A statement showing a firm's cash receipts and cash payments generated by the firms operations, t./f investments and financial activities during a specified perio Accrual method of accounting v.s. Transaction basic method It provides evidence on the well-being of a firmThe Major Financial Statements ❖ The statement of cash flows – Table – A statement showing a firm’s cash receipts and cash payments generated by the firm’s operations, investments and financial activities during a specified period. – Accrual method of accounting v.s. Transaction basic method – It provides evidence on the well-being of a firm