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prepare a group consolidated statement of cash flows

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › prepare a group consolidated statement of cash flows

Viewing 2 posts - 1 through 2 (of 2 total)
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  • June 3, 2017 at 4:23 am #389824
    Avatarmileyshanna
    Member
    • Topics: 45
    • Replies: 30
    • ☆☆

    Hi sir,

    Will the indirect method be the only way tested in ACCA P2 exam? Or we have to handle the other method when preparing for P2 exam?

    I have found that only in DEC 2013 and June 2016 exam, consolidated statement of cash flows were examined, and both of the questions required to use indirect method.

    Many thanks

    June 4, 2017 at 8:27 pm #390333
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    The syllabus states that IAS 7 is examinable and that includes both methods, however I cannot see the direct method being examined as it is not used much in practice and hasn’t been seen in any previous exams.

    Thanks

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