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Our work is to classify those inflows and outflows into three activities namely operating investing and financing activities.

Cash flow statement indian accounting standard. A cash flow statement provides information about the historical changes in cash and cash LEARNING OBJECTIVES After studying this chapter you will be able to. As the name itself indicates the statement which only deals with inflow and outflow of cash and cash equivalents during the accounting year. Distinguish between operating activities investing activities and.

So companies which will be required to prepare financial statements as per Ind AS will. Topic- StudentsIndia Accounting Standard 7- Statement of Cash Flows Date-1852020 Northern India Regional Council of The Institute of Chartered Accounta. Cash flow statement.

Ind AS 7 Statement of Cash Flow. This Standard prescribes principles and guidance on preparation and presentation of cash flows of an entity from operating activities investing activities and financing activities for a reporting period. The following companies are given.

Cash flow from extraordinary activities. State the purpose and preparation of statement of cash flow statement. According to Section 240 of Companies Act 2013 The Financial statements of a company include Cash Flow StatementCash Flow Statement is governed by The Companies Accounting Standards Rules 2006 AS 3 and The Companies Indian Accounting Standards Rules 2015 Ind AS 7 as applicable.

The AS 3 is not applicable to small and Medium Scale industries. It means Cash Flow prepared as per Accounting Standard -3 as notified by GovernmentIt is compulsory for every Company to Make Cash Flow as per this formatIn normal Cash Flow there are 3 headsSources of CashUses of CashAs per AS-3 Cash flowThese heads are divided into 3 types of ActivitiesOperating. Indian Accounting Standard Ind AS 7 Statement of Cash Flows.

Accounting Standard AASB 107 Statement of Cash Flows Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability of the entity to generate cash and cash equivalents and the needs of the entity to utilise those cash flows. The Accounting Standard AS 3 Cash Flow Statement came into effect from 1st April 1997. Applicability of Cash Flow Statement.

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