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Explain disadvantages of preparing funds flow statements

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Reference no: EM132554988

International Financial Reporting Standards (IFRS) no longer required companies to prepare statement of sources and application of funds.

Question 1. State thoroughly the Difference between a statement of cash flows and a statement of sources and supplication of funds (funds flow statement).

Question 2. Briefly explain the advantages and disadvantages of preparing funds flow statements?

Reference no: EM132554988

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Explain disadvantages of preparing funds flow statements : State thoroughly the Difference between a statement of cash flows and a statement of sources and supplication of funds (funds flow statement).
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