Which document outlines the flow of cash into and out of a business over a specific period of time?

The Cash Flow Statement is the document that specifically outlines the flow of cash into and out of a business over a particular period of time. It provides detailed information on the cash generated from operating activities, investments, and financing. This document is essential for understanding a company's liquidity position and its ability to meet short-term obligations, as it clearly shows when cash is received and when it is spent.

In contrast, the Balance Sheet reveals the financial position of a business at a single point in time, capturing its assets, liabilities, and equity but does not track cash movement over time. The Profit and Loss Statement, on the other hand, summarizes revenues and expenses over a certain period, providing insight into profitability, but it also does not detail cash flows. Lastly, a Financial Forecast includes predictions about future revenues and expenses but does not necessarily document actual cash movements. Therefore, the Cash Flow Statement is uniquely positioned to illustrate the actual cash flow necessary for assessing a business’s financial health.