4. Reporting and Cash
Link adjusted balances, primary statements, notes and cash controls
4. Reporting and Cash
Adjusted balances become useful only when they are classified, linked and explained.
| Chapter | Main task | Control |
|---|---|---|
| Financial Statements | Build Northstar’s linked statement set | Profit, equity, cash and balance-sheet links |
| Cash and Internal Control | Reconcile bank and book evidence | Independent review and follow-up |
Preparation
Bring the distinction between:
- profit and cash;
- current and non-current;
- gross and net carrying amounts;
- primary statements and note disclosures.