The opening cash balance of the cash flow statement should be filled in according to the total amount of opening cash and cash equivalents in the accounting books of the enterprise. Specifically, you need to follow the following steps:
The first step is to obtain the opening data. The opening data is usually the total amount of opening cash and cash equivalents in the accounting books of the enterprise. These figures are the starting point of the company's operating activities and reflect the company's cash holdings at the beginning of the reporting period.
The second step is to check the accuracy of the opening data. In order to ensure the accuracy of the data at the beginning of the period, it is necessary to check whether the data in the accounting books are consistent with the actual situation of the enterprise. This includes checking whether the classification, amount, and unit of measurement of the opening cash and cash equivalents are correct.
The third step is to fill in the cash flow statement according to the requirements. In accordance with the Accounting Standards for Business Enterprises and the Guidelines for the Preparation of Cash Flow Statements, fill in the relevant columns of the cash flow statement with the opening data that are correct. When filling out the form, care should be taken to distinguish between cash flows from operating activities, investment activities and financing activities, and fill them in the corresponding columns.
The fourth step is to conduct a review. After filling in the opening cash balance of the cash flow statement, it should be reviewed to check whether the data filled in is logical and whether it is connected with the closing balance of the previous period and the opening balance of the current period. At the same time, it is also necessary to check whether the other data in the cash flow statement is reasonable and accurate.
Opening cash balances in the cash flow statement need to be carefully reconciled with the data in the books of accounts and classified and presented in accordance with the requirements of accounting standards and preparation guidelines. During the process of filling in the form, you should maintain a cautious and meticulous attitude to ensure the accuracy and completeness of the data. At the same time, it is also necessary to strengthen internal control to prevent errors or distortions in statements caused by operational errors or fraud.