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cash flow statmnt

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › cash flow statmnt

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • February 18, 2017 at 3:29 am #372953
    amawesome2
    Participant
    • Topics: 85
    • Replies: 24
    • ☆☆

    Why is share of profit in associate deducted frm group cash flow ?is it coz when the parent gets apportioned a share of the profit, it is like a bookish entry rather thn any actual cash transferred to the parent(kind of a noncash income)?

    February 19, 2017 at 9:25 pm #373203
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7193
    • ☆☆☆☆☆

    Yes, the profit in associate is a non-cash item so is adjusted for by removing it from the group profit before tax.

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