Przepływy finansowe w ujęciu ex ante
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Cash and fund flows are the subject of additional financial statement (cash flow statements or funds flow statement) and then they reflect past events. On the other hand they are material element of financial management and in this role they refer to future financial position of enterprise. The role of fund and cash flows has increased lately in Poland which is the consequence of changing economic environment of polish business entities. Flows are used not only in the process of assessment of enterprise financial position by external users but also in the decision process making by internal users-managers. In the first case cash and fund flows are widely used by banks and other creditors to asses financial liquidity and solvency of enterprises, by investors - to measure value of enterprise and to asses present and future financial position of the entity. In the other case cash and fund flows are the element of efficient business management and day-to-day decision making. The article presents the most significant applications of cash and fund flows in the decision making referring to the future.