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Cash Flow Statement

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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February 8, 2018 at 6:50 pm #435986
raufhasanov
Member
- Topics: 8
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Hello sir,
If we added revaluation surplus to the profit before tax while preparing CFS under indirect method, do we need to subtract that amount? Because revaluation surplus in non-cash event. Please explain. Thanks in advance.
February 9, 2018 at 7:44 am #436075
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
Revaluation surpluses should not be added to profit! (If they have been added then it is an error and they should then be subtracted).
Have you watched my free lectures on Statements of Cash Flows? (We stopped calling them cash flow statements many years ago 🙂 )
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