CASH FLOWS OPERATING PROFIT OR PBT?

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June 1, 2013 at 10:54 am #128093
valiaty
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When we calculate the Net Cash Flows from Operating Activities at the first line we use Operating Profit or Profit before Tax?
I found both as answers to the questions of past papers..
Thank u
June 1, 2013 at 8:43 pm #128158
MikeLittle
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Pbt. I’ve recently seen a mock exam where the answer starts with operating profit. In my view it should be pbt
June 1, 2013 at 9:18 pm #128167
MikeLittle
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It’s not confusing at all. The start point is profit before tax. That’s it. No question. If some printed solutions do not start with profit before tax, you need to take the matter up with the appropriate publisher.
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