A reporting entity is required to prepare a statement of cash flows that is in accordance with the requirements of AASB 107 and shall be presented as an integral part of the notes to the accounts.

Question

Quizplus · Accepted Answer

A statement of cash flows is required to be prepared in accordance with AASB 107, but it is presented as a primary financial statement rather than as part of the notes to the accounts.

A Reporting Entity Is Required to Prepare a Statement of Cash