You presently work for Ford Motor Company in the Accounting and Reporting department.As part of the annual

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You presently work for Ford Motor Company in the Accounting and Reporting department.As part of the annual requirements of a publicly traded company,an external auditing firm just completed the required auditonFord's financial statements.The auditing firm determined the internal control procedures Ford developed were sufficient but noted Ford Motor Company could have benefited from more detailed written procedures in preparing the statement of cash flows.You have been assigned the task of analyzing procedures for developing the statement of cash flows.

Instructions Writean operational procedure to explain the process staff should follow to develop the different sections of the statement of cash flows using the indirect method.

Usethe2018Statement of Cash Flows for Ford Motor Company and include the following:

1. Define the components of the operating section of the statement of cash flows and which accounts an employee should evaluate to develop this section.(Accurately definingcomponents of the operating section of the statement of cash flows)

2. Define the components of the financing section of the statement of cash flows and which accounts an employee should evaluate to develop this section.( Accurately definescomponents of the financing section of the statement of cash flows. )

3. Define the components of the investing section of the statement of cash flows and which accounts an employee should evaluate to develop this section.(Accurately definescomponents of the investing section of the statement of cash flows.)

4. Explain what non-cash items must be disclosedonthe statement of cash flows. Comment onthe cash generated from operations versus other activities and why this is important toevaluatingliquidity. (Clearlyandaccurately explainswhat non-cash items must be disclosedonthe statement of cash flows.)

Accurately analyzesthe2018Statement of Cash Flows and eloquently explains the relationship among cash generated from operations, other cash-generating activities and liquidity.