현금흐름표 교육방법에 관한 연구

[Purpose] Many empirical studies suggest the importance of cash flow information based on cash basis, but accounting information users do not know much about this due to the lack of statistical knowledge. [Methodology] This study proves the hypothesis that “Statement of cash flow is income statement created on cash basis” in other to fill this knowledge gap. Using cash basis, we journalized the transactions of a case, and then prepared both income statement and cash flow statement. The result proves that the statement of cash flow prepared using the direct method is a cash based income statement. We also examined this using the indirect method of statement of cash flow and was also found to be same. [Findings] This paper suggests that the income statement based on accrual is important, but in a situation where it may lead to distortion of accounting information, the statement of cash flow which is a cash based income statement has a relative value relevance. [Implications] Through this empirical evidence we recommend the usefulness of the statement of cash flow to users of accounting information who may overlook its importance.