Change in method of preparing Cash flow statement

Is it possible to change the method of preparing cash flow statement from indirect method to direct method as per AS 3? If so, any specify disclosure in notes to accounts is required as per the standard?

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Quick Summary
This discussion explores the feasibility of changing the cash flow statement preparation method from indirect to direct under AS 3. It confirms that such a change is possible, but requires specific disclosures in the notes to accounts, aligning with standards for prior period changes and general policy updates. The direct method is highlighted as mandatory under AS 3.

Yes disclosures from prior period changes standard is necessary. All policy changes must be disclosed

Cash flow statement is a mandatory direct method as per as3

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