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About 1-6 Statement of Cash Flow
1. The statement of cash flows presents information about an entity's historical cash flows from operating, investing, and financing activities. 2. It helps users see how revenues translate to cash flows and whether cash was invested or financing was obtained. 3. Cash flows are classified as operating, investing, or financing activities according to their nature or definition in IAS 7. 4. The statement of cash flows can be prepared using either the direct or indirect method, with investing and financing activities always using the direct method.
Detailed Information
| Author: | ['Hazel Joy Demagante'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 26 |
| Language: | English |
| Format: | |
| Price: | FREE |
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