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In my country, I have many clients that don’t pay their taxes. How do I treat it in the Cash Flow statement under IAS 7?
if they don’t pay, then there’s no “cash flow” so it will not appear in the Statement of Cash Flows. The Statement shows where CASH has been received from and where CASH has been paid to. If your clients don’t pay taxes, then there’s no entry in the line for “Taxes paid”
Thanks a lot. I just thought since current year tax liability would be in current liability, it might be in changes in working capital under operating activities.
No – when looking at changes in working capital,and in particular at creditors / payables, we only look at the trade payables and accruals figures. Any proposed dividends are dealt with separately as also are tax liabilities. If it’s a tax current liability, it’s accounted for / taken into account when calculating tax actually paid
Thank you very much.
Good luck to Allllllllllllllllllllllllllllllllllllllllllll
how are going ur study
just voices no picture on video can someone help please!!!
Hi. Am currently studying P2 in LSBF… But am simply fan of urs….. Thank u very much …..
@hamzahmoazzam, That’s good to hear – tell your colleagues too!
I was concerned about how to categorize the dividend paid to NIC. In BPP text book on page412, it was put under cash from investing activity, but I thought it should be under the operating activity based on your note…could you elaborate please…
@cooper1982, Hi The IAS gives a choice for dividends paid – either operating activities of financing activities ( but NOT investing activities that you have written ) I always include dividends paid as operating but the big four in this part of the World tend to show them in financing.
Incidentally, how can a dividend PAID to the nic possibly be “cash from investing activities”?
no video found… can u restore it?
@foxy27, Hi fox?7, I can access the video. Maybe you check again?
@vmngoc, nope, says “no video found”… what a…pity….
@foxy27, You are behind a firewall, either on your PC or your internet provider – so contact them for help
@admin,@vmngoc, i reloaded the computer, seems to be ok now. thanks for ur quick responses, sorry for disturbing
thanks very much Mr Little this is awesome am now a lover of CFs!
plshelp.i am trying to play it ona galaxy and its givingme a message that aplug in is required? anyone using galaxy?
@nengibob, am using galaxy, on settings of your browser, advanced settings, then enable plug ins.
This is really good.so helpful
was brilliant & you are great, xxxx
Can somebody please help. Try to watch this lecture by using iphone 4, but nothing comes up…. Does any body using iphone has the same problems?
I’m afraid now all lectures are compatible with iPhone.. but we hope to change this in the future
thanks alot opentution!!
thanks… very very useful!
very useful, thx a lot
im tryina download the course notes bt no luck plz help
Very nice video. xxx
QUITE EDUCATIVE. GOOD REMINDER.
Really cashfl demistified!!!
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