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IFRS Notes

10707


Direct method and indirect method

IAS7-pr18
Two methods of reporting cash flows from operating activities
(1) direct method
Gross cash receipts and payments are reported by major classes.

(2) indirect method
Profit or loss is adjusted for non-cash revenues and expenses included in the profit or loss

IAS7-pr19
It is encouraged to use direct method.

U.S. GAAP
SFAS 95-pr27
asc 230-15-45-25
Direct method is encouraged.
 

   
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