Who is the subcontractor ? The subcontractor is the person who is authorized by the construction company to accomplish work on its projects for a certain contractual sum. 

In part 2 we explained the net   earnings before tax  adjustments using the indirect method . In a CFO statement  the final number is the same if we used either methods ( the direct or indirect ) as the difference lies in the way of displaying the statement . In this article we are going to explain practically each term of the CFO statement .