The classical theory of data flow analysis, which has its roots in unidirectional flows, is inadequate to characterize bidirectional data flow problems. We present a generalized theory of bit vector data flow analysis which explains the known results in unidirectional and bidirectional data flows and provides a deeper insight into the process of data flow analysis. Based on the theory, we develop a worklist-based generic algorithm which is uniformly applicable to unidirectional and bidirectional data flow problems. It is simple, versatile, and easy to adapt for a specific problem. We show that the theory and the algorithm are applicable to all bounded monotone data flow problems which possess the property of the separability of solution. Th...