IFRS and Preparing a Statement of Cash Flows

profilePROF Socrates
 (Not rated)
 (Not rated)
Chat

"IFRS and Preparing a Statement of Cash Flows" Please respond to the following:

 

Evaluate two (2) major differences between GAAP and IFRS with respect to the statement of cash flows. Give your opinion on which method you prefer. Provide a rationale for your response.

 

  • Imagine you are the senior accountant at your organization and management is unsure of the difference between the indirect method and the direct method of preparing a statement of cash flows. Outline a brief memo to management differentiating between the direct method and indirect method. Advise management on which method the company should use to prepare the statement of cash flows. Provide at least two (2) specific examples on why the method you selected would be beneficial to the company.
    • 5 years ago
    IFRS and Preparing a Statement of Cash Flows
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      ifrs_and_preparing_a_statement_of_cash_flows.doc