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[pdf] Accounting for good corporate governance

   

Added on  2021-05-31

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Corporate AccountingName of the University:Name of the Student:Authors Note:

Cash Flow Statement•The cash flow statements include the three important heads namely cash form operating activities, investment activities and financial activities.•Wesfarmers has reduced its purchase of assets but the there has been a huge change in investment activities due to the organization’s take on sale of assets which has increased on yearly basis (Devereux, Liu and Loretz 2014).•Wesfarmers Limited witnessed a substantial fall in its transactions from borrowing as debtors have extended their loan terms.

Cash Flow Statement•Cash flow portion from the financial statement of Wesfarmers Limited has been provided with its three activities stated as cash flow from operations, investment and financial activities.•Cash from investment recorded an increase in 2016 was $2132 million against $1898 million in 2015 but declined massively to $53 million in 2017 (De Simone 2016).•The organization incurred hugely towards clearance of bank loans in 2017 which raised its cash from financing activities.

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