[Web-erp-svn] SF.net SVN: web-erp:[7340] trunk/doc/Manual/ManualGeneralLedger.html

[<rc...@us...>]

Revision: 7340
          http://sourceforge.net/p/web-erp/reponame/7340
Author:   rchacon
Date:     2015-08-14 13:54:06 +0000 (Fri, 14 Aug 2015)
Log Message:
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Fix error on ManualGeneralLedger.html. Thanks Andrew Galuski.

Modified Paths:
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    trunk/doc/Manual/ManualGeneralLedger.html

Modified: trunk/doc/Manual/ManualGeneralLedger.html
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--- trunk/doc/Manual/ManualGeneralLedger.html	2015-08-14 01:28:22 UTC (rev 7339)
+++ trunk/doc/Manual/ManualGeneralLedger.html	2015-08-14 13:54:06 UTC (rev 7340)
@@ -352,13 +352,14 @@
 		<h3><a id="GLCashFlows">Statement of Cash Flows</a></h3>
 		<p>Because the statement of comprehensive income is prepared under the accrual basis of accounting, the revenues reported may not have been collected. Similarly, the expenses reported on the income statement might not have been paid.</p>
 		<p>The statement of cash flows, also known as the successor of the old source and application of funds statement, reports how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.</p>
-		<p>The purpose of the statement of cash flows is to show whether the company got their money from and how it was spent during the period being reported for a user selectable range of periods.</p>
+		<p>The purpose of the statement of cash flows is to show where the company got their money from and how it was spent during the period being reported for a user selectable range of periods.</p>
 		<p>The cash flows report can be run as a pdf file for later printing, emailing, or archiving, or it can be shown on screen. It can be run in summary mode - just showing the totals for each account group, or in detailed mode listing each general ledger account balance for all profit and loss accounts grouped by account group.</p>
 		<p>Also, the cash flows report can be generated using either direct method or indirect method. The main difference between them is the cash flows from operating activities, the first section of the statement of cash flows; there is no difference in the investing and financing activities sections.</p>
 			<h4><a id="GLCashFlowsDirect">Statement of Cash Flows using Direct Method</a></h4>
 			<p>The cash flows from operating activities will show lines such as cash from customers and cash paid to suppliers. "<i>Major classes of gross cash receipts and gross cash payments are disclosed</i>" (Reference: IAS 7, paragraph 18).</p>
 			<h4><a id="GLCashFlowsIndirect">Statement of Cash Flows using Indirect Method</a></h4>
 			<p>The cash flows from operating activities will include net income followed by the adjustments needed to convert the total net income to the cash amount from operating activities. "<i>Profit or loss is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows</i>" (Reference: IAS 7, paragraph 18).</p>
+			<p>Activities are reported on a net basis.</p>
 	</li>
 	<li>
 		<h3><a id="AnalysisHorizontal">Horizontal analysis</a></h3>