- 5 Marks
CR – May 2016 – L3 – Q5b – Analysis and interpretation of financial statements
Evaluate significance of various accounting items
Question
Evaluate with examples, the significance of each of the following to an analyst seeking to estimate the effect on future cash flows or liquidity of a company:
i) a commitment and a contingent liability. (2 marks)
ii) income in advance and a deposit (1.5 marks)
iii) an accrual and a provision (1.5 marks)
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