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Cash flow statements – common pitfalls and application issues (Part II - Classification .....

Applying MFRS 107 Statement of Cash Flows gives rise to a number of interpretive and application issues. Increasingly, regulators and other commentators on financial statements are highlighting errors or inconsistencies in application of the standard.

The Part II of this series of Hot Topics aims to provide guidance on Classification of cash flow by activities, namely operating, investing and financing activities.