AASB 107 requires the use of the direct method of calculating cash flows from operating activities.

Question

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AASB 107 - Statement of Cash Flows requires the use of the direct method for calculating cash flows from operating activities. This method involves presenting the actual cash inflows and cash outflows from operating activities, rather than simply adjusting or reconciling profit or loss to net cash flow.

AASB 107 Requires the Use of the Direct Method of Calculating