To provide information useful to decision makers, IAS 1 requires companies to report cash inflows and outflows using standardized categories. Which one of the following is not one of these standardized categories?
A)Operations
B)Properties
C)Investments
D)Financing

Question

Quizplus · Accepted Answer

IAS 1 does not specify "Properties" as a category for reporting cash flows. Instead, the International Accounting Standard for cash flows, IAS 7, specifies categories such as Operating, Investing, and Financing activities.

To Provide Information Useful to Decision Makers, IAS 1 Requires