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Cash Flow & Fund Flow Statements
What is a Cash Flow Statement?
A Cash Flow Statement is a financial statement that shows the inflows and outflows of cash and cash equivalents during a specific accounting period, classified under operating, investing, and financing activities.
What is the direct method of presenting cash flows from operating activities?
It shows gross cash receipts and payments from operations directly.
Which accounting standard governs Cash Flow Statements in India?
AS-3 (Accounting Standard 3) issued by the Institute of Chartered Accountants of India (ICAI) governs the preparation and presentation of Cash Flow Statements.
What does an increase in creditors indicate in a Cash Flow Statement under Indirect Method?
It indicates a positive adjustment, increasing cash flow from operations.
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