The document discusses the statement of cash flows, explaining its purpose in presenting cash inflows and outflows, and describes its relationship with the balance sheet. It highlights the importance of financial statements for various stakeholders, including investors and creditors, as they provide crucial insights into an organization's financial health. Overall, the document emphasizes the significance of accurate financial reporting.

1. Answer each question with a high quality response. Please
provide any reference that you use.
1.
What is the Statement of Cash Flows and what information does
it present?
Also, what is the relationship between the statement of cash
flows and the balance sheet?
2.
Why is financial statement important and who could it benefit?