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it's just the beginning for Cirralto!, page-16914

  1. 5,276 Posts.
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    Mick, can I offer one view?

    "the hard to understand 4c, without the Quarterly to explain it"

    A cashflow statement should be very easy to understand - you don't need to be an accountant to do it. There are extremely simple YouTube training videos which are probably a good start. The sentence in italics should be a bit of a red flag, because the App 4C is the document which contains no narrative, and by extension, no spin. It is much harder to make numbers lie when they're sitting there by themselves. There is a clear reason why the ASX requires cash flow statements to be presented in this manner. FWIW, I always read the cash flow statement first for that reason, then I go on to the Quarterly Activities report. I generally notice retail investors go straight for the 'story' and don't put enough focus on the financials. Just my two bob.

    Cheers
 
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