Under IAS 1, Presentation of Financial Statements (IASB, 2011a), a complete set of financial statements includes a statement of cash flows. After studying this chapter, you should be able to: Explain the purpose of the statement of cash flows. Differentiate between cash and cash equivalents. Classify cash flows into operating, investing or financing activities. Prepare a statement of cash flows using the direct method. Prepare a statement of cash flows using the indirect method.
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