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Can any one tell me if there is any helping material online regarding cash flows as i need it….I have problem in working of cash flows…
Isn’t there a recorded lecture in F7 about them?
What exactly is your problem with Cash Flows – be specific and I’ll see if I can help. It’s a real pity that you have problems with them because they are very logical and, once you have got the hang of them, they are a deep mine of relatively easy marks
Hi Mike
I see that cash flows is a hot topic for P2. Please can you advise where exactly are the easy marks in a consolidated cash flow statement.
I always start by setting out the format and by including opening and closing bank balance and then working out the difference to get the net cash flow movement. I dont even bother to add as my cash flows generally do not balance. I then start trolling through P/L and SOFP to see what needs to be added or subtracted and for every line item on the SOFP to do a T account to obtain any sort of movements and working through the additional notes in the question methodically
I do get most of the calculations incorrect (that’s if the note is a bit tricky) but generally some of the amounts included are correct
Please help
Thanks
I have problem with disposal case of a subsidary in cash flow…cant understand the workings
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