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WorksheetsPAS 7 SCF
Total questions: 17
Worksheet time: 11mins
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
The following are the elements to adjust the noncash flow items except.....
Depreciation
Loss on disposal
Finance cost paid
Finance cost incurred
The following are deemed to be cash and cash equivalents as per the standards except
Cash
Money in bank
3 months fixed deposits
Long term investments
Dividend paid is part of the .....
Financing activities
Operating activities
Investment activities
None of the above
Increase in receivables will be shown in ........
Financing Activities
Investing activities
Movement in working capital
None of the above
Cash and cash equivalents at 31st March 2018 = $ (40,000) and 1st April 2017=$135,000. How much is the movement in cash flow for year ended 31st March 2018?
Increase $ 175,000
Decrease $ 175,000
Increase $95,000
Decrease $95,000
Inventory at 1st January 2018 = $ 60,000 and movement in inventory in SOCF shows ($20,000). What is the inventory as at 31st December 2018?
$40,000
$100,000
$140,000
$80,000
Issue of debentures, Redemption of debentures, issue of shares and dividend payment will be shown in ......
Adjustments for
Investing activities
Financing activities
Operating activities
