Corporate Accounting: A Comprehensive Analysis of AMA Group Limited's Financial Statements

Corporate Accounting
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Table of Contents
Cash flows statement.......................................................................................................................3
Other comprehensive income statement..........................................................................................5
Accounting for corporate income tax..............................................................................................6
Reference List..................................................................................................................................9
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Cash flows statement
(i) From your firm’s financial statement, list each item of reported in the CASH FLOWS
STATEMENT and write your understanding of each item. Discuss any changes in each
item of CASH FLOWS STATEMENT for your firm over the past year articulating the
reasons for the change.
Cash flow statement can be considered as a procedure that helps to depict about the amount of
cash generation in a specific time duration. This can be considered as one of the most important
financial statement that the experts are applied in order to create three-statement model. Cash
flow statement can be categorized into three different subparts such as (1) operating actions, (2)
investing actions and finally (3) financing actions of an organization (Bhasin, 2015). The sum of
total cash, which are provided by these three different activities that will arrive in the end of this
system can be considered as cash flow statement. In addition, in the bottom line, the cash flow
statement can be called as “closing cash balance”. In case of AMA group limited (the chosen
company of Australian Securities Exchange), cash flow statement plays a crucial role in order to
maintain and keep the record of every earnings of the company along with the debts.
Figure: Cash flow statement
(Source: Tahat et al., 2017)
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