Question 1

A reconciliation of profit or loss and cash flows is required using either the direct or indirect method of disclosing cash flows from operations.

Accepted Answer

A) True 
 B)False

Question 2

Assets owned by a subsidiary acquired during the year are treated as negative financing cash flows in a consolidated statement of cash flows.

Accepted Answer

A) True 
 B)False

Question 3

Cash flow from operating activities is the default classification in a statement of cash flows.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following items must be separately disclosed in a statement of cash flows?

Accepted Answer

A)  Interest paid and received 
B)  Dividends paid and received 
C)  Both A and B 
D)  No separate disclosure required 
A)  Interest paid and received 
B)  Dividends paid and received 
C)  Both A and B 
D)  No separate disclosure required

Question 5

Why is cash flow from operating activities seen as a performance measure?

Accepted Answer

Cash flows from operating activities as

Question 6

The final step in the reconstruction of ledger accounts involves the entries in the ledger that relate to non-cash transactions for the period.

Accepted Answer

A) True 
 B)False

Question 7

In preparing a consolidated statement of cash flows,what items can be shown on a net cash flow basis?

Accepted Answer

Net cash flow basis items:
- AASB 107 ge

A reconciliation of profit or loss and cash flows is required using either the direct or indirect method of disclosing cash flows from operations.

Assets owned by a subsidiary acquired during the year are treated as negative financing cash flows in a consolidated statement of cash flows.

Cash flow from operating activities is the default classification in a statement of cash flows.

Which of the following items must be separately disclosed in a statement of cash flows?

Why is cash flow from operating activities seen as a performance measure?

The final step in the reconstruction of ledger accounts involves the entries in the ledger that relate to non-cash transactions for the period.

In preparing a consolidated statement of cash flows,what items can be shown on a net cash flow basis?

Text Objectives and Introduction to Consolidation

Principles of Consolidation

Fair Value Adjustments and Tax Effects

Intra-Group Transactions

Non-Controlling Interest

Partly-Owned Subsidiaries: Indirect Non-Controlling Interest

Accounting for Joint Arrangements

Accounting for Associates and Joint Ventures: the Equity Method

Translation and Consolidation of Foreign Currency Financial Statements

Segment Reporting by Diversified Entities

Filters

Exam 7: Consolidated Cash Flow Statements

A reconciliation of profit or loss and cash flows is required using either the direct or indirect method of disclosing cash flows from operations.

Assets owned by a subsidiary acquired during the year are treated as negative financing cash flows in a consolidated statement of cash flows.

Cash flow from operating activities is the default classification in a statement of cash flows.

Which of the following items must be separately disclosed in a statement of cash flows?

Why is cash flow from operating activities seen as a performance measure?

The final step in the reconstruction of ledger accounts involves the entries in the ledger that relate to non-cash transactions for the period.

In preparing a consolidated statement of cash flows,what items can be shown on a net cash flow basis?

Text Objectives and Introduction to Consolidation

Principles of Consolidation

Fair Value Adjustments and Tax Effects

Intra-Group Transactions

Non-Controlling Interest

Partly-Owned Subsidiaries: Indirect Non-Controlling Interest

Accounting for Joint Arrangements

Accounting for Associates and Joint Ventures: the Equity Method

Translation and Consolidation of Foreign Currency Financial Statements

Segment Reporting by Diversified Entities

Filters