Financial Statement Weird!ER
Okay! So I'm taking a look at some financial statements to sort of get a better understanding of accounting. From what I know, the changes in operating assets and liabilities on the balance sheet SHOULD reflect on the cash flow statement.
For example, if Accounts receivable 2009 is 10 and 2010 is 20, then there is a $10 change.
Then in the cash flow statement, we should see minus 10 when reconciling income to net cash for 2010.
but in these statements, none of these are reflected. All the changes are not reflected with the exception of like 2 line items. Am i missing something here?