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Fund flow statement

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(Querist)
20 April 2014 what is the treatment of prepaid expense in fun flow statement. I have read that it is treated as fictitious asset hence it does not taken into consideration while preparing schedule of changes in working capital. but my doubt is that can we take it as current assets sometimes?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 April 2014 it is a current asset. where did you read that it is a fictitious asset?
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Rupesh Jain

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Rupesh Jain (Expert)
21 April 2014 prepaid exp is current assets
the same with outstanding exp. will as current Liability.
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