Financial flexibility and the assessment of future cash flows

Koornhof, Carolina, 1959-

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Financial flexibility and the assessment of future cash flows

Koornhof, Carolina, 1959-

URI: http://hdl.handle.net/2263/65117

Date: 1988

Abstract:

Information on financial flexibility is important to consider when projecting the cash flows of an enterprise. The level of financial flexibility can influence inter alia the risk profile, solvency and rate of return of an enterprise. At present, a gap exists between the informational needs of users and the actual information on financial flexibility presented in the financial statements. This paper suggests several improvements to the existing disclosure of this type of information.

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