직접법 현금흐름표의 체계적인 작성방법론

This study presents a systematic method for preparing a direct method cash flow statement which has been known as burdensome task for the flawless completion. The proposed method can be easily implemented using a spreadsheet.
Despite the direct method is more useful from the information users’ point of view, the indirect method is preferred by the financial statements preparers because of the practical difficulties with the direct method. When a direct method cash flow statement is disclosed, the relevant operating cash flow in indirect method should be disclosed in the notes because it is hard to reconcile the amount of the direct method components to the income statement and/or the balance sheet.
In this regard, this study proposes a method of analyzing a direct method operating cash flows in net income and adjustments items just the same as the case of an indirect method, so that it enables the amounts of the direct method components to be reconciled to the income statement and/or the balance sheet amounts.
It also describes a easier method for preparation of the direct cash flow statements as well as indirect ones at the same time, and helps the auditors to more comfortably verify the accuracy of the cash flow statements.
The results of this study can be utilized in the practice of preparation and audit, and also applied to the financial statements similar to the direct method cash flow statements such as funds receipts and disbursement statements for the public sector. Particularly those results are useful in the areas including industry-academic cooperation foundations that require a direct method of cash flows statements.