by
Muhammad Arshad Kadhar , Head of Internal Audit (Sr. Manager) , National Testing Service Pakistan
The Fund Flow Statement tells about the flow of Funds i.e. Opening balance plus addition during the period minus funds utilized during the period and previously the Financial Statements includes the "Funds Flow Statement"
Whereas
Cash Flow Statement or Statement of Cash Flows tell about the All Cash and Cash Equivalents' movement during the period (accounting period). This is a new version/form of Funds Flow Statement means now Cash Flow statement is prepared instead of Funds Flow Statement. (International Accounting Standard -07) deals with the Cash Flow Statement
