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I am doing cash flow statements.I have read all notes in kaplan,lsbf notes and even open tution notes.
But i am still facing problem in workings of Cash flow statement.
(Property plant and equipment,Depriciation and disposals workings)i tried to get it from kaplan kit question but every question have its own new style of workings.
Please help me through this what should i do to completely get these wokings.?Thanks
Were you exempt from F3? The calculations for the workings, particularly the PPE workings, are basic double entry. The reason why different approaches may be used is possibly because the information in a question differs. For example, if PPE information is given as net book value, the approach will differ than if it were given as Cost with Accumulated Depreciation shown separately
If, in fact, you were exempt, may I suggest that you spend a bit of time watching the F3 lectures on this site. Even if you weren’t exempt, it sounds like you would benefit from refreshing your knowledge and appreciation of the basic double entry principles
If you’re still struggling, send me the details of a particular question and I’ll try to guide you through on a step by step basis
OK?
thanks for your reply.sir as i am doing self study i just started cash flow statements after consolidated statements without doing any standards. i think i should have to do standards first before starting cash flow statements.
Please guide me through this. which standards i need to done with before doing cash flow statements.Hi – I fully understand your wish to do these topics in a logical sequence. However, other than the layout of a cash flow statement, there is little within the standards that you will need for these exercises.
They are, effectively, a stand-alone topic!
With reference to your first post, and my reply, you appear to have ignored my questions and advice! Were you F3 exempt? Have you gone back into the F3 video lectures and refreshed your memory about basic double entry principles and T accounts?
Do that – before you start to worry about standards. Then look again at the issues you were facing with reference to PPE, accumulated depreciation and disposals.
If you STILL have a problem, post again
thanks for your response.actually i did my f3 in 2011 almost 3 years ago.now i am starting to study f3.
please also guide me that i revise whole f3 or just relevant topics PPE etc will be fine .
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