24
APB 19 "Statement if Changes in Financial
Position"
(CASH BASIS)
Funds From Operation
Profit
4
Depreciation
3
Total
7
Funds from Other Sources
New issue sources
5
New debt
2
Total
7
Application
Net Fixed Assets
7
Increase in Working Capital
Stock
4
Debtors
4
Creditors
-1
Dividend Paid
0.5
Tax paid
0.5
8
Total Applications
Increase
15
Total Applications Increase (decrease) in cash and near cash
-1
Table 2.5. “Statement of Changes in Financial Position”- Cash Basis
From: The Funds Statement: An Inquest, 1992
According to Donleavy (1992, p.28), due to the ambiguity and unclear
objective, FASB
decided
to
issued SFAS
95
“Statement
of
Cash
Flow”
in
November 1987. Statement of changes in financial position presented the
change
in
working
capital
rather
than cash
flows.
SFAS
95
clarify
the
main
purpose of statement of cash flow that is to report the cash flow which includes
the cash
inflows and outflow of an entity during a certain specified
which then
classified into three parts: cash flow from operating, investing and financing
over a reporting period. On
the other
hand,
the
term “fund”
was changed
into
“cash and cash equivalent” in accordance with the issuance of SFAS 95. When
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