How to calculate profit before tax consolidated cashflow no income statement

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August 18, 2021 at 10:59 pm #631994
Lumiere
Participant
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Hello Sir,
I’m having challenges in calculating the profit before tax for a consolidated cashflow question. All that has been provided is the statement of financial position for the comparative year and the current year. Kindly help
August 19, 2021 at 10:21 pm #632272
P2-D2
Keymaster
- Topics: 4
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Hi,
The profit for the year would be part of the movement in retained earnings, which would then need to be adjusted for any tax expense to calculate the PBT.
I’d need to see the specific question to help you further.
Thanks
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