cash flows

[smraza]

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so now u get it that the benchmark treatment of ISA 7 is direct
method n not indirect....now the reason why most ppl use the allowed
alternative is that there r information which the management doesnt
want to share with the outsiders..ie list of debtors n other things
n direct method reveals all that stuff....so they avoid direct method
n use indirect instead.....

regards,


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Dear Sirhandi,
I am confused with the list of debtors and other things, is there any requirement in IAS 7 to publish the list of debtors while using the Direct method of cash flows????
I dont think so, u are just required to show each major class of gross cash receipts and gross cash payments while using the direct method of cash flows.
as per IAS 7 whichever method u follow, u must classify the activities of an enterprise into Operating, Investing and Financing.

and dear munshi if have lost your book of IAS, then click on the following link to see the summaries of IASs.
http://http//www.accountancy.com.pk/refe..._index.asp

SMR