PAS 7 SCF

What does the statement of cash flows provide information about?

• Sources and utilization of cash and cash equivalents

• Sources and utilization of income and expenses

• Sources and utilization of assets and liabilities

• Sources and utilization of equity and non-operating liabilities

Which activities are included in operating activities?

• Transactions that affect long-term assets and other non-operating assets

• Transactions that affect equity and non-operating liabilities

• Transactions that enter into the determination of profit or loss

• Transactions that affect income statement accounts

Which activities are included in investing activities?

• Transactions that affect long-term assets and other non-operating assets

• Transactions that affect equity and non-operating liabilities

• Transactions that enter into the determination of profit or loss

• Transactions that affect income statement accounts

Which activities are included in financing activities?

• Transactions that affect long-term assets and other non-operating assets

• Transactions that affect equity and non-operating liabilities

• Transactions that enter into the determination of profit or loss

• Transactions that affect income statement accounts

Which of the following is an example of cash flows from operating activities?

• Cash receipts and payments in the acquisition and disposal of property, plant and equipment

• Cash receipts from issuing shares or other equity instruments

• Cash payments for purchases of goods and services

• Cash receipts and payments on derivative assets and liabilities

Which of the following is an example of cash flows from investing activities?

• Cash receipts and payments in the acquisition and disposal of property, plant and equipment

• Cash receipts from issuing shares or other equity instruments

• Cash payments for purchases of goods and services

• Cash receipts and payments on derivative assets and liabilities

Which of the following is an example of cash flows from financing activities?

• Cash receipts and payments in the acquisition and disposal of property, plant and equipment

• Cash receipts from issuing shares or other equity instruments

• Cash payments for purchases of goods and services

• Cash receipts and payments on derivative assets and liabilities

What is the direct method of reporting cash flows from operating activities?

• Shows each major class of gross cash receipts and gross cash payments

• Adjusts accrual basis profit or loss for the effects of changes in operating assets and liabilities

• Shows each major class of net cash receipts and net cash payments

• Adjusts accrual basis profit or loss for the effects of non-cash items

What is the indirect method of reporting cash flows from operating activities?

• Shows each major class of gross cash receipts and gross cash payments

• Adjusts accrual basis profit or loss for the effects of changes in operating assets and liabilities

• Shows each major class of net cash receipts and net cash payments

• Adjusts accrual basis profit or loss for the effects of non-cash items

Statement of cash flows governed by ......

• IAS 33

• IAS 12

• IAS 7

• IAS 16