The Proposed Mechanism for Preparing the Expected Cash Flow Statement in Accordance With the Consolidated Accounting System

Abstract

The aim of this paper is to explain the concept of the cash flow statement and its method of preparation according to the Uniform Accounting System (UAS) and to clarify the concept and objectives of UAS. And the possibility of developing a method of preparing the cash flow statement by relying on the estimated data that have a high predictive capacity compared to the list prepared according to the actual data and to prepare this list according to the expected basis. A focus on helping to prepare the list through the introduction of the temporal element of the structure of the accounting guide. The problem of the research is on preparing the cash flow statement based on the actual approach, without taking into consideration the expected financial flows, which reduces the importance of this disclosure. UAS lacks a specific mechanism for preparing the expected cash flow statement on an interim basis. In light of the research hypotheses that "the development of a unified accounting system through the introduction of a time component will help in preparing the expected cash flow statement and this will reflect the strengthening of the predictive capacity", and that "the preparation of the standard cash flow statement requires reformulation. According to the temporary approach. Therefore, the research was based on the development of the consolidated accounting system and the preparation of the expected cash flow statement for the research sample (Pepsi Baghdad). In addition, a guide was prepared to facilitate the preparation of the cash flow statement by the accountants based on the actual data. The study concluded that although the international accounting standard emphasized the importance of timing in the preparation of the cash flow list, most of the local economic units are not considered to be based on a period (quarterly), and the introduction of time in the structure of the accounting guide to the unified accounting system will help in the preparation of the cash flow statement on a quarterly basis. Therefore, the study recommends the adoption of the proposed guideline for the preparation of the cash flow statement by the Federal Audit Bureau, and the introduction of the interim component as a basis for the development of the bank. As this will contribute to facilitating the preparation of the interim cash flow statement. Both researchers believe that all economic units working in the local environment should be prepared to prepare the cash flow statement on the standard basis.