Traditional Culture Encyclopedia - Hotel reservation - What are the three major accounting statements that hotel operators have to face, and why should they pay more attention to the cash flow statement?

What are the three major accounting statements that hotel operators have to face, and why should they pay more attention to the cash flow statement?

Hotel operators have to face three major accounting statements, including balance sheet, income statement and cash flow statement. Pay more attention to the cash flow statement because the cash flow statement reflects the actual situation of enterprise cash flow, which can help enterprises to better manage cash flow, predict future cash flow and make more reasonable financial plans and budgets. At the same time, the cash flow statement can also help enterprises find and diagnose existing business problems, such as business risks and liquidity risks, so as to take timely measures to protect the financial health of enterprises.