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Blog Author: Brittany Lampe

Understanding the Statement of Cash Flows

What is the statement of cash flows? The statement of cash flows is a financial statement that illustrates an entity’s sources (inflows) and uses (outflows) of cash and cash equivalents.

Statement of Functional Expenses

What is the Statement of Functional Expenses? The statement of functional expenses (SOFE) is a financial report used by not-for-profit organizations to present the functional classification of expenses in addition