Consolidated Cash Flow Statement

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anandraj (Querist)
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23 November 2009
In preparation of consolidated cash flow statement:

a) whether individual cash flow statement of subsidiaries and Parent to be taken and consolidated.

OR

b) Cash flow statement to be prepared from consolidated Balance sheet.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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23 November 2009 ???

anandraj

anandraj (Querist)
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23 November 2009 ..

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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23 November 2009 It should individual and consol both.

Madhusudan Bohra

Madhusudan Bohra (Expert)
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23 November 2009

Madhusudan Bohra

Madhusudan Bohra (Expert)
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23 November 2009 It is strongly recommended that consolidated cash flow should be prepared from consolidated balance sheet.

The reason being that there are many adjustment entries passed while preparing consolidated financials and this results in change of balances. Hence take consolidated balance sheet.

Let me know if you need further explanation.

shakuntala chhangani

shakuntala chhangani (Expert)
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24 November 2009 Hi Anandraj, Consolidated cash Flow Statement is prepared from consolidated financial statements in case of a listed co (mandatory). An unlisted parent co. which does not prepare its own cash flow statement but presents consolidated accounts voluntarily is not required to present consolidated CFS. however, if its turnover exceeds Rs. 50 crores and it choses to prepare consolidated A/c then it is mandatory for such unlisted co. to prepare consolidated CFS. Regards,
CA Shakuntala Chhangani

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