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financial statments

gurdeep singh (CA Article Assistant ) (60 Points)

27 June 2010

is fund flow statement sre part of financial statement

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12 Replies

Mohit Jangid (Article) (141 Points)
Replied 27 June 2010

cash flow statement is a financial statement and it includes fund flow statement

gurdeep singh (CA Article Assistant ) (60 Points)
Replied 27 June 2010

Originally posted by : Mohit Jangid
	cash flow statement is a financial statement and it includes fund flow statement

but co. is not required to prepare fund flow ,.,.,., so how can it be a part of fs

CA Tushar Lakhanpal (CA) (416 Points)
Replied 27 June 2010

NO FFS are not the part of Financial statements....

Yar kisi bhi company ki Statements dekh lo..

NO one prepares them,...

Venkateswara Rao Sapare (Accountant) (1500 Points)
Replied 28 June 2010

Dear all,

Components of Financial Statements.

A complete set of Financial Statements normally consists of

a Balance Sheet,
a statement of Profit & Loss and
a Cash Flow statement together with (a) notes (b) statements and (c) other explanatory materials that form integral parts of the Financial Statements

The above component parts of Financial Statements are interrelated because they reflect different aspects of same transactions or other events.

Each above component although provides information that is different from each other, none in isolation is likely to serve any single purpose nor can any one provide all information need by users like you and me, rest of the persons living in economic world.

From:

Venkateswara Rao Sapare

(Guest)

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Aneesh (Pursuing CA) (101 Points)
Replied 28 June 2010

Mr Venkateswara Rao Sapare is absolutely correct!

CA Shammi Prabhakar (Managing Director) (2076 Points)
Replied 28 June 2010

As per Indian GAAP it's not mandatory to prepare but now as per IFRS.. it's going to be mandate, because according to International standards CFS is a part of financial statements.

Poornima Srinivasan (Junior trainee) (330 Points)
Replied 28 June 2010

Originally posted by : RADHEKRISHNA0001
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CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 28 June 2010

Only listed companies(having some specific criteria).

Aneesh (Pursuing CA) (101 Points)
Replied 28 June 2010

1)Balance Sheet

2)Profit & Loss a/c

3)Cash Flow Statement

Notes to Accounts is mandatory for every company.

But Cash Flow has to be complied with only for Level I Enterprises. Funds flow is not required to be prepared and furnished even for a Level I Enterprise