07-22-2003, 03:40 AM
Asalam o alaikum
I think its only a change of presentation and not that of accounting policy or anything. and IAS 7 also prefers the direct method over the indirect method.
The only thing, you are gonna have to change the last year's figures for the cash flow, for which we have that note appearing towards the end, "where necessary prior year's figures have been restated for comparison purposes."
I'm sorry, but I cant quote you a referrence or section, this is one of my weaknesses (the other being using incorrect spellings often), I prefer leaving that to the person opposing my opinion. <img src=icon_smile_big.gif border=0 align=middle> so as long as there's none, I rulez. <img src=icon_smile_big.gif border=0 align=middle>
Me rulz
I think its only a change of presentation and not that of accounting policy or anything. and IAS 7 also prefers the direct method over the indirect method.
The only thing, you are gonna have to change the last year's figures for the cash flow, for which we have that note appearing towards the end, "where necessary prior year's figures have been restated for comparison purposes."
I'm sorry, but I cant quote you a referrence or section, this is one of my weaknesses (the other being using incorrect spellings often), I prefer leaving that to the person opposing my opinion. <img src=icon_smile_big.gif border=0 align=middle> so as long as there's none, I rulez. <img src=icon_smile_big.gif border=0 align=middle>
Me rulz
