Does anyone know what the difference is between an "Annual Statement of Cash Flows" and a "13-month Trend Report"? Obviously one covers 12 months and the other one covers 13 months, but what is the difference as far as the information provided in these documents? Can the two be used interchangeably? If a statement of cash flows is needed, can it be substituted with a 13-month trend report?
USA Trend Report and Cash Flow Statement
- Thread starter f73102
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Like trying to substitute an apple with an orange.
Cash flow:
Usually shows amounts on an ANNUAL basis
Is focused on explaining changes on only ONE account: cash
Trend
Usually shows amounts on a MONTHLY basis
Shows ALL selected accounts in a columnar format over, in your case, 13 months
Cash flow:
Usually shows amounts on an ANNUAL basis
Is focused on explaining changes on only ONE account: cash
Trend
Usually shows amounts on a MONTHLY basis
Shows ALL selected accounts in a columnar format over, in your case, 13 months
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An "Annual Statement of Cash Flows" covers 12 months and focuses on cash inflows and outflows during that period. A "13-month Trend Report" covers 13 months, often used for trend analysis but may not provide detailed cash flow data. They serve different purposes and can't be used interchangeably. If you need a statement of cash flows, it's not a direct substitute for a 13-month trend report, which offers broader insights beyond cash flow.