The purpose of this article is to describe the SCFP and to explain how small business managers can use the important information contained in this statement . HISTORY OF THE SCFP The accounting profession has been struggling with the SCFP for over twenty years . In 1963 , the Accounting Principles Board (APB ) issued APB Opinion No . 3 , which encouraged the presentation of an SCFP (then called a funds statement ) as an integral part of a company 's financial statements . The SCFP was...
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