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Report on International Accounting Standard (IAS) Statement of Cash Flow

Report on International Accounting Standard (IAS) Statement of Cash Flow

 

Introduction

The report explains what the International Accounting Standard 7 (IAS 7) Statement of Cash Flows is and what its components stand for. Examples of these components as operating, investing, and financing activities, both inflow and outflow examples are given. Calculation of Net Cash Flow from Operating Activities is also discussed and a format given in this report. The final aspect of the purpose of International Accounting Standard 7 to Twice As Much is also discussed.

Objective and purpose of International Accounting Standard 7 (IAS 7) Statement of Cash Flows

IAS was prepared with the sole function of helping organisations prepare and present all historical data on cash flow activities or their equivalents relating to investing, operating, and financing functions of a business. According to EC Europa

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