Revision for Accounting Standards - CA Intermediate (Part 3)

Poojitha Raam Vinay | Last updated: 28 April 2022

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This article provides a revision of Accounting Standard (AS) 3 on Cash Flow Statements, crucial for CA Intermediate students. It details the mandatory applicability for Level 1 enterprises and encourages its use for other entities. The content clarifies what constitutes cash and cash equivalents, defines cash flows, and outlines the three main classifications: operating, investing, and financing activities.

AS 3 Cash Flow Statements A mandatory for Level 1 enterprises from accounting period commencing on or after April 2001. Not a mandate but encouraged for Level II and Level III Non-corporate entities and Level II corporate Entities. Exemption from preparing Cash Flow Statements

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About the Author

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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