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UK variant Cash Flows

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › UK variant Cash Flows

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • November 29, 2012 at 12:59 pm #55917
    danielglover
    Member
    • Topics: 13
    • Replies: 100
    • ☆☆

    I’ve been taught how to do a cash flow statement in accordance with IAS7, but I need to do the UK paper.

    Can I do the statement in the same format as IAS7, and just start with operating profit, or do I need to do it in the format I see on past exam answers?

    November 29, 2012 at 4:41 pm #109189
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23364
    • ☆☆☆☆☆

    I imagine that you should do it in accordance with what you see on past exam papers! Sorry 🙁

    December 1, 2012 at 5:51 pm #109190
    danielglover
    Member
    • Topics: 13
    • Replies: 100
    • ☆☆

    Thanks for the reply. It would seem I do need to present the cash flow in accordance with FRS1 which means I need eight headings instead of three.

    It’s strange how the BPP and Kaplan study texts have miss this out!

    December 1, 2012 at 8:55 pm #109191
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23364
    • ☆☆☆☆☆

    Hmmm, no comment

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