快速查題-ACCA英國(guó)注冊(cè)會(huì)計(jì)師試題

In preparing a company's statement of cash flows complying with IAS 7 Statements of Cash?FIOWS ?

?which,?if any, of the following items could form part of the calculation of cash flow from financing?activities?

??1?Proceeds of sale of premises

?2?Dividends received

?3?Bonus issue of shares?

Which?of the following assertions about statement of cash flows is/are correct??

1?A statement of cash flows prepared using the direct method produces a different figure for??operating cash flow from that

produced if the indirect method is used.?

2?Rights issues of shares do not feature in statements of cash flows.?

3?A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash??flows.?

4?A profit on the sale of a non-current asset will appear as an item under Cash Flows from Investing??Activities in a statement

of cash flows.?

An extract from a statement of cash flows prepared by a trainee accountant is shown below.?Cash flows from operating

activities??Net profit before taxation?Adjustments for: Depreciation?Operating profit before working capital changes?Decrease in inventories?Increase in receivables?Increase in payables?Cash generated from operations?Which?of the following criticisms of

this extract are correct?

1?Depreciation charges should have been added, not deducted.

2?Decrease in inventories should have been deducted, not added.

3?Increase in receivables should have been added, not deducted.

4?Increase in payables should have been added, not deducted.

?Which of the following items could appear in a company's statement of cash flows?

1?Proposed dividends

2?Rights issue?of shares

3?Bonus issue?of shares

4?Repayment of loan

IAS 7 requires the statement of cash flows to open with the calculation of net cash from operating

activities, arrived at by adjusting net profit before taxation.

Which one of the following lists consists only of items which could appear in such a calculation?

The following extract is from the financial statements of Pompeii, a limited liability company at

What is the cash flow from financing activities to be disclosed in the statement of cash flows for the year ended 31 October

20X9?

A draft statement of cash flows contains the following calculation of cash flows from operating activities:

??????????????????????????????????????????????????????????????????????????????????????????? $m

Profit before tax?????????????????????????????????????????????????????????????????? 13

Depreciation?????????????????????????????????????????????????????????????????????????2

Decrease in inventories????????????????????????????????????????????????????? ?(3)

Decrease in trade and other receivables????????????????????????????? 5

Decrease in trade payables??????????????????????????????????????????????? ? 4

Net cash inflow from operating activities???????????????????????????? ?21

Which of the following corrections need to be made to the calculation?

1?Depreciation should be deducted, not added.

2?Decrease in inventories should be added, not deducted.

3?Decrease in receivables should be deducted, not added.

4?Decrease in payables should be deducted, not added

The following extract is taken from a draft version of company’s statement of cash flows, prepared by a trainee accountant.

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? $000

Net cash flow from operating activities Profit before tax Depreciation charges??????????????????????????? 484

Profit on sale of property, plant and equipment??????????????????????????????????????????????????????????????????????????? 327

Increase in inventories????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?35?

Decrease in trade and other receivables????????????????????????????????????????????????????????????????????????????????????? (74)

Increase in trade payables?????????????????????????????????????????????????????????????????????????????????????????????????????????? ?(41)

Cash generated from operations????????????????????????????????????????????????????????????????????????????????????????????????????29?

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 760

Four possible mistakes that may have been made by the trainee accountant are listed below.

1?The profit on sale of property, plant and equipment should be subtracted, not added.

2?The increase in inventories should be added, not subtracted.

3?The decrease in trade and other receivables should be added, not subtracted.

4?The increase in trade payables should be subtracted, not added.

Which of the four mistakes did the trainee accountant make when preparing the draft statement?

Which, if any, of the following items could be included in ‘cash flows from financing activities’ in a statement of cash flows that complies with IAS 7 Statement of Cash Flows?

1?Interest received

2?Taxation paid

3?Proceeds from sale?of property

Which one of the following statements is correct, with regard to the preparation of a statement of cash flows that complies with IAS 7 Statement of Cash Flows?