When the statement of cash ﬂows is prepared in conformity with IFRS there is only one acceptable way to measure and report cash ﬂows from operating activities.

Question

Quizplus · Accepted Answer

While IFRS provides guidance on the format and classification of cash flows from operating activities, there is more than one acceptable way to measure and report these cash flows. The specific approach will depend on the nature of the business and its cash flow activities.

When the Statement of Cash ﬂOws Is Prepared in Conformity