speak101

Hi everyone i am f7 complete notes which i am having.
PM me if you have any doubt

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WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

speak101

Firstly,

IAS 7 CASHFLOW STATEMENT:-
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i.)Cash from operating activities ( P/L a/c , current assets , current liabilities)
ii.)Cash from investing activities( Non current assets)
iii.)Cash from financing activities(non current liabilities, Equity)
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.It consists of actual cash inflow and outflow.
.It is prepared using 2 methods.
i)Direct method ( Old method no longer used)
PERFORMA
_____________
CASH FROM OPERATING ACTIVITIES -
Cash received from custmers XXXXXXXXX
less:
Cash paid to suppliers (XXXXXXXX)
Cash paid in form of salary (XXXXXXXX)
Cash outlfow inform of exp (XXXXXXXX)
Interest paid (XXXXXXXX)
Tax paid (XXXXXXXX)
Dividend paid (XXXXXXXX)
Cash from O.A ------------
Investing and financing activities is as in indirect method

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WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

speak101

ii.) INDIRECT METHOD ( Currently used)
_______________
$
Profit before tax XXXXXXXXX
add:-
Interest receivable XXXX
CASH FROM NON CASH BENEFITS
Depreciation/
Amortisation XXXX
Profit/Loss on disposal
of non current asset XX/(XX)
(profit+,loss-)
Operating profit -----------

CASH FROM WORKING CAPLITAL CYCLE
Inventory XX/(XX)
Receivable XX/(XX)
(inc+,dec-)
Payable XX/(XX)
(inc-,dec+)
interest paid (XXXX)
(b/s b/d+p/l a/c
of CY-C/d)
tax paid (XXXX)
cash from O.A _______________

Sale procced of
non current asset XXXXXX

Purchase cost of
non current asset (XXXXXX)
cash from I.A _________________

Bank loan XXX/(XXX)
(inc+,dec-)
Sh. cap+ premium XXX/(XXX)
(inc+,dec-)
Cash from F.A __________________

Cash n cash equivalents for the year XXXX/(XXXX)
(Total of cash from O.A,I.A & F.A)
add: b/d cash n cash equiv XXXX/(XXXX)
c/d ____________________________

Depreciaton
_________
b/d-(dep on disposal+c/d)

Disposal
_______
Cost+loss OR( - profit+dep)=Sale proceed

Asset
_____
b/d+revaluation-(disposal+impairment+c/d)=purchase cost of NCA

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WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF