One Stop Deca Cash Flow Statement

PI: Maintain financial records
One of the financial manager’s jobs in the One Stop DECA Shoppe is to keep separate binders throughout the year for information, such as check request forms, deposit slips, and daily money drops. Check request forms make it easier to see what the store needs to purchase. The store uses deposit slips to track weekly deposits. Each day the store is open, before workers can open or start selling, the financial manager must make a daily drop. This makes it easier to keep track of all of the money throughout the week and keep it all in one place. Once they take out the money, leaving sixty dollars in the register, the financial manager will then proceed to write how much they are taking out, and put the money into

The store uses the financial information to advice workers on the big picture about the stores performance, and provides strategic advice for improving profitability and building the

Cash flow statements explain how adjustments in the balance sheet and income affect the money the store holds. A cash flow statement also splits it up into three categories. These categories include operating, investing and financing activities. One would start by calculating the net income while adding the non-cash expenses. An example of the store´s non-cash expenses could include depreciation and amortization. These could include equipment purchased with one formal amount and then continuing to collect a depreciation expense. After the store calculates the non-cash expenses, the managers must adjust the cash flow statement for the gains and losses on sales and assets. If the demand of an item were to decrease, the managers would need to take this into consideration. The store would then need to add back its losses as well as, subtract out the gains for the cash flow statement. While the managers need to add the non-cash expenses, they also need to account for changes in all non-cash assets. Accounting for changes in all current assets and liabilities except notes payable and dividends payable will ensure that the income statement is filled