Will the indirect method be the only way tested in ACCA P2 exam? Or we have to handle the other method when preparing for P2 exam?
I have found that only in DEC 2013 and June 2016 exam, consolidated statement of cash flows were examined, and both of the questions required to use indirect method.
The syllabus states that IAS 7 is examinable and that includes both methods, however I cannot see the direct method being examined as it is not used much in practice and hasn’t been seen in any previous exams.