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Cash Flow PE2

Chitra (-) (50 Points)

01 March 2008

In Cash Flow Statement's presentation, is Direct Method reqd. from exam point of view? or preparing for Indirect Method as prescribed by AS3 is sufficient?

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12 Replies

CA Pattanayak (Internal Auditor) (840 Points)
Replied 01 March 2008

Both the methods can be followed. But indirect method is prescribed, and from exam point of view u can score good marks with using indirect method.

CA Mohit Mohan (c.a. profession) (557 Points)
Replied 01 March 2008

both required from exam point of view.. dont listen to any person.... prepare both

CA Mohit Mohan (c.a. profession) (557 Points)
Replied 01 March 2008

both required from exam point of view.. dont listen to any person.... prepare both

KRATI (STUDENT) (110 Points)
Replied 02 March 2008

YOU SHOULD KNOW BOTH METHODS ,IF NOTHING IS MENTIONED IN THE QUS. THEN YOU SHOULD SOLVE THE QUS. BY BOTH METHOD.

Mukesh Agarwal (CA student) (1321 Points)
Replied 02 March 2008

read both of the methods, anyone can be asked either in acc or in costing..

shyam (student) (544 Points)
Replied 02 March 2008

ya sure it is required

Garima (Student) (1107 Points)
Replied 02 March 2008

You must know both the methods. Ya from exam point of view cash flow with reference to AS3 is compulsory. don't take any chance prepare both the methods to score good marks.

Anoop Shrivastava (Free Lancer) (476 Points)
Replied 02 March 2008

U Have to prepare for Both The methods, But Solve answers from the method which was asked in the question. And If nothing is mentioned in the question then solve it from Indirect Method.

CA Chaitanya (PRACTISING CA) (4283 Points)
Replied 02 March 2008

Both the methods should be prepared to write your exam well.....

(Guest)

We should be familiar with both the methods but as per my ref. to many suggested answers of the istitute if question doesn't mention the method to be used while solving the answer then institute suggested have been solved the answer with direct method of AS-3 I think we should follow the intitute suggested or not?