10 Questions
What is the objective of IAS 7?
To require the presentation of information about historical changes in cash and cash equivalents of an entity through a statement of cash flows
What does IAS 1 state about the statement of cash flow?
It provides information about the cash flows of the entity during the reporting period and the changes in cash and cash equivalents during the period
What is the purpose of a statement of cash flow?
To provide information about the cash flows of the entity during the reporting period and changes in cash and cash equivalents during the period
What does IAS 7 classify during a reporting period?
Cash flows into operating, investing, and financing activities
According to IAS 7, what does a statement of cash flow provide information about?
The cash flows of the entity during the reporting period and changes in cash and cash equivalents during the period
What does IAS 7 classify during the reporting period?
Cash flows according to operating, investing, and financing activities
What does a statement of cash flow provide information about?
The cash flows of the entity during the reporting period
What is the purpose of a statement of cash flow according to IAS 1?
To provide information about the changes in cash and cash equivalents during the period
What is the objective of IAS 7?
To require the presentation of information about historical changes in cash and cash equivalents by means of a statement of cash flows
According to IAS 7, how are cash flows classified?
Operating, investing, and financing activities
Test your knowledge on business combination under IFRS-3 and preparation of group statement of cash flows. This quiz covers advanced corporate reporting topics for accounting, auditing, and finance students.
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