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?
Menu
Change in method of preparing Cash flow statement
Replies (2)
Quick Summary
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
Recent Topics :
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
Related Topics :
CAclubindia
