05-03-2003, 04:59 PM
Yeap, by the look of your mail, you do appear Confused -)
As I recall, IAS suggests that Cashflows arising from Operating, Financing and investing activities should be reported using Direct method.
In Pakistan, indirect method is commonly used (i have seen only a couple of companies who uses Direct method), as it is more easier.
As I recall, IAS suggests that Cashflows arising from Operating, Financing and investing activities should be reported using Direct method.
In Pakistan, indirect method is commonly used (i have seen only a couple of companies who uses Direct method), as it is more easier.