- 4 Marks
FR – Nov 2018 – L2 – Q3b – Financial Statement Analysis
Explanation of four benefits of cash flow information to users of financial statements.
Question
An entity shall prepare a statement of cash flows in accordance with the requirements of IAS 7: Statement of Cash Flows and shall present it as an integral part of its financial statements for each period for which financial statements are presented.
Required:
Explain FOUR (4) benefits of cash flow information to users of financial statements.
(4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Benefits of Cash Flow Information, Cash Flow, Financial Reporting, IAS 7
- Level: Level 2
- Topic: Financial Statement Analysis
- Series: NOV 2018
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