1. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 1 7200. Financial Reporting Guide, 7233 Statements of Changes in Financial Position A. The Purposes of Statements of Changes in Financial Position A Statement of Change in Financial Position provides an itemized summary of the business's assets and liabilities for at the end of two financial periods and the change from the first period to the second. The Statement of Change in Financial Position is most often used to evaluate the uses of cash. This statement also makes it easy to identify major changes in assets and liabilities. For example, use this statement to quickly check changes in accounts receivable, house funds, cash on hand and guest ledger. Continue ►

2. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2 7200. Financial Reporting Guide, 7233 Statements of Changes in Financial Position B. Responsibility, Distribution and Timeliness The accountant is responsible for preparing and distributing the Statement of Change in Financial Position with the other financial statements and according to the schedule described in the Financial Statements section of this Guide. Continue ►

3. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 3 7200. Financial Reporting Guide, 7233 Statements of Changes in Financial Position C. The Format of the Statement of Change in Financial Position The far-left column of the Statement of Change in Financial Position is the title column and is identical to the Balance Sheet title column. To the right it has three data columns titled as follows:Balance Sheet  As of mm/dd/yy (date of the end of prior financial period)  As of mm/dd/yy (date of the end of this financial period)  Change End

4. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 4 7200. Financial Reporting Guide, 7233 Statements of Changes in Financial Position