PERSONAL FINANCE 4: PERSONAL INCOME & CASH FLOW STATEMENTS
A complete set of Financial Statements for a corporation or a small business consists in the Balance Sheet, the Income Statement and the Cash Flow Statement.
The same holds true for Personal Financial Statements. However, the Cash Flow Format of a corporation or a small business, as provided by the International Financial Reporting Standards, will be unwieldy for a Personal Cash Flow Statement. The alternative format presented in post 30 (Understanding Accounting Talk 30: An Alternative Cash Flow Statement) would be more appropriate:
