In formulating your Key Concept Exercise, consider the following questions: What type of information does the statement of cash flows provide

In formulating your Key Concept Exercise, consider the following questions:

• What type of information does the statement of cash flows provide investors?
• How do changes in liquidity affect an organisation?

In an approximately 500 word response, address the following issues/questions:

Cash is the lifeblood of any business, and without it survival is very unlikely.

• Do you agree or disagree?
• Explain what information a statement of cash flows provides to supplement a statement of financial position and an income statement.
• Why is there still some controversy surrounding published statements of cash flows?
• How important are such statements in terms of the financial reporting requirements within YOUR country?