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Cash flow statement query

ravi (abc) (35 Points)

23 June 2012

if a company has regrouped his figure into current and non-current asset of the fiancial year ende 2010, so the cash flow statement column of last year should be in accordance with the new regrouped figure or as per last balance sheet figure

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8 Replies

Hari Babu (CA Student) (82 Points)
Replied 23 June 2012

i think your question is not clear. cash flow statement does not link with balance sheet. we just made cash flow statement for the sake of the working capital. cash flow statement is seperate working. ok fine i think you understood.

KRISHNAPRASAD IYER (B.Com , CA Final) (657 Points)
Replied 23 June 2012

Cash flow statement and balance sheet are two entirely different financial statements.

They are not inter-related.

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Ritik Zaveri (Article Assistant ) (26 Points)
Replied 23 June 2012

Accounting Standards over rides Guidance Note Revised Schedule VI therefore Cash Flow statement will be continued to be prepares as per AS 3.

Jatin Singh Negi (Country Analyst ) (505 Points)
Replied 24 June 2012

First thing the reporting if has been made for Fy ending 2010 as per revised schedule VI, then let me clear that
revised sch VI is mandatory from 1-4-2011 only.

But if I presume that for reporting purpose the company has prepared its Financial statment by grouping into Current assets and non current assets then the company should present its Cash Flow also as per regrouped Balance Sheet only.

1 Like

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 24 June 2012

balance sheet will be made according to revised schedule VI

and cash flow as per AS-3

sudhansu (ACCOUNTS EXECUTIVE) (21 Points)
Replied 24 June 2012

Balance sheet & cash flow is two different part. balance

Rohit Agarwal (CA Final Student) (29 Points)
Replied 25 June 2012

Balance sheet will be prepared as per revised schedule VI & cash flow statement as per AS -3 .

mohd sharif mansuri (article) (25 Points)
Replied 25 June 2012

Balance sheet and Cash flow are two different financial aspects. Balance sheet shows the financial position of the business and cash flow statement shows movement of cash i.e inflow and outflow of cash.