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I’ve been taught how to do a cash flow statement in accordance with IAS7, but I need to do the UK paper.
Can I do the statement in the same format as IAS7, and just start with operating profit, or do I need to do it in the format I see on past exam answers?
I imagine that you should do it in accordance with what you see on past exam papers! Sorry 🙁
Thanks for the reply. It would seem I do need to present the cash flow in accordance with FRS1 which means I need eight headings instead of three.
It’s strange how the BPP and Kaplan study texts have miss this out!
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