5 Questions
What are the three main activities that cash flows are classified under in a cash flow statement?
Operating Activities, Investment Activities, Financial Activities
What is the main purpose of preparing a cash flow statement?
To show the movement of cash inflow and outflow
Which statement accurately reflects the relationship between Cash Flow from Operating Activities (CFO), Cash Flow from Investing Activities (CFI), Cash Flow from Financing Activities (CFF), and Cash & Cash Equivalents during the year?
$CFO + CFI + CFF = Cash & Cash Equivalents during the year$
Which method of preparing a cash flow statement is not typically covered in the syllabus?
Direct Method
What are the two main topics covered when preparing a cash flow statement according to AS-3?
Classification of Transaction into CFO/ CFI/ CFF and Calculate CFO CFI ICFF
Test your knowledge on classifying cash flows into operating, investing, and financing activities in a cash flow statement. Understand the purpose of preparing a cash flow statement to analyze cash inflow and outflow over a specific period.
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