LET THE CASH FLOW: A Step by Step Guide on Preparing Statement of Cash Flows

Mr Dauda Osmanu

ISBN 10: 1790410681 / ISBN 13: 9781790410682

Published by Independently published, 2018

About this Item

237 pages. 9.76x7.52x0.75 inches. In Stock.

Seller Inventory # zk1790410681

Bibliographic Details

• Title: LET THE CASH FLOW: A Step by Step Guide on Preparing Statement of Cash Flows
• Publisher: Independently published
• Publication Date: 2018
• Language: English
• ISBN 10: 1790410681
• ISBN 13: 9781790410682
• Binding: Paperback
• Condition: Brand New

About this title

Synopsis

LET THE CASH FLOW A Step by Step Guide on Preparing Statement of Cashflows IAS 7 is authored by an experienced accountant who holds a degree in Bachelor of Commerce(B.Com) and is also a member of Association of Certified Chartered Accountants. The book covers account balances with the exception of financial instruments which are covered in the second book CASH TALKS A Step by Step Guide on Preparing Statement of Cashflows IAS 7.

This book takes readers through the two main methods of preparing cashflow statements-the Direct Method and the Indirect Method –with particular emphasis on the indirect method. It also explains the three major steps involved in preparing the statement of cash flows using the indirect method.Both the direct method and indirect method of preparing cashflow statement are explained and illustrated.The book considers how net profit affects capital and cash on hand considering various situations such as cash transactions and credit transactions and how the adjustments to net profit before tax is carried out.In illustrating how account balances impact profit, cash and equity, each element of the statement of profit or loss and the statement of financial position is considered separately and treated as a chapter on its own.

Additionally,the book takes a further look at decreases and increases in different account balances and their treatment in the preparation of cashflow statements using the indirect method. In doing this, the statement of cashflows is first presented with explanations. This is then followed by the statement of profit or loss and the statement of financial position which form the basis for the preparation of the statement of cashflows.