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Accounting Sample Assignment

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Added on  2021-04-17

Accounting Sample Assignment

   Added on 2021-04-17

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Running head: ACCOUNTING 2Accounting 2Name of the Student:Name of the University:Author’s Note:Course ID:
Accounting Sample Assignment_1
1ACCOUNTING 2Executive Summary:The current report aims to explain the goals and purpose of International AccountingStandard (IAS 7) associated with the statement of cash flows. In addition, the various segmentsassociated with the cash flows like operating activities, financing activities and investingactivities laid out in IAS 7 are described. The basic purpose of the cash flow statement is toprovide valuable insights regarding the solvency and liquidity of an organisation, which arecrucial for business survival and growth. The major advantage that Girling Limited could obtainwith the help of the cash flow statement is that it would enable in obtaining an insight about thecash position or liquidity, which income statement and fund flow statement could not specify.
Accounting Sample Assignment_2
2ACCOUNTING 2Table of ContentsCash flow statement:........................................................................................................................3Introduction:....................................................................................................................................3Objective and purpose of International Accounting Standard (IAS 7):..........................................4Explanation of the key terms operating activities, investing activities and financing activitiesdefined by IAS 7:.............................................................................................................................4Explanation of the calculation of net cash flow from operating activities:.....................................6Purpose of the statement of cash flows and its benefits to Girling Limited:...................................6Conclusion:......................................................................................................................................7References:......................................................................................................................................8
Accounting Sample Assignment_3

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