This MIP Monday will help you learn to use the MIP Statement of Cash Flows and Statement of Activities to help transparency, reporting, and decision making for your organization.
First, cash flow reporting helps our MIP users provide relevant information about cash receipts and cash disbursements during a period of time, regardless of whether they are from operation, investment, or financing activities in an efficient way. We will then cover the Statement of Activities for ASC 958 (previously known as FAS 117) provides required reporting of the statement of revenues, expenditure, and changes to net assets equivalent. Using the segment substitution feature, we will show you have to also report on the expenses by functional category. Please join us to learn more about how to access, use, and customize these reports for your organization.