The statement of cash flow is the only statement ignoring an accrual basis and

The statement of cash flow is the only statement

This preview shows page 9 - 11 out of 11 pages.

The statement of cash flow is the only statement ignoring an accrual basis and based on a cash basis. The presentation of cash flow shall be classified by operating, investing and financing activities. In the case, the cash flows from operating activities is $1,948 million in 2019. The cash flows from investing activities is $377 million. The cash flows from financing activities is ($-859) million. The cash and cash equivalents at the end of period is $6,477 million. The cash and cash equivalents under the statement of cash flow should equal the “cash and cash equivalents” under the statement of balance sheet. But I cannot find the account under the statement of balance sheet. (IAS 7, statement of cash flows) 6. Notes with summary of significant accounting policies and other explanatory information. IAS 1 sets that the notes shall contain a statement of compliance with IFRS, summary of significant accounting policies applied, supporting information for the numbers presented in the financial statements and other disclosures. (IAS 1, presentation of financial statements) In the case, the notes of Jardine Matheson Holdings Limited are included the following items: a. Accounting Policies and Basis of Preparation b. Revenue
Image of page 9

Subscribe to view the full document.

10 c. Net operating costs d. Share of results of associates and joint ventures e. Tax f. Earnings per share g. Non-trading items h. Dividends i. Financial instruments j. Notes to consolidated cash flow statement k. Capital commitments and contingent liabilities l. Related party transactions
Image of page 10
11 Reference IAS 1, presentation of financial statements. - statements/ Jardine Matheson’s 2019 Half-Yearly Report IAS 7, statement of cash flows - of-cash-flows/ Doupnik, T. S., & Perera, M. H. B. (2015). International accounting. Dubuque: McGraw- Hill Education.
Image of page 11
  • Fall '14
  • Balance Sheet, Generally Accepted Accounting Principles, B. Statement of financial position

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes