Cash Flow Statement

IFRS Either Direct or indirect method can be used. Format includes operating, investing & financing activities. There are no exemptions US GAAP Indirect method is more in practice. Significant non cash transactions are disclosed. In case direct method is followed a reconciliation of net income for transactions of non cash nature is to be made. Format includes operating, investing & financing activities but there are some classification differences. Limited exemptions for certain investment entities and defined benefit plans IAS Indirect method is prescribed for listed companies whereas direct method is prescribed for insurance companies. Format includes operating, investing & financing activities. All listed companies mandatorily have to present cash flow and also those cos. Who are in process of filing , banks financial institutions having turnover in excess of 500 million INR or having borrowing in excess of 100 million INR during the accounting period and their holding and subsidiary company.

Financial Statements
Balance Sheet. Income statement. Other balance sheet classification. Current and non current classification.. Preparation & presentation. Comparitives