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IFRS 16 Effects Analysis

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3 An Introduction to Business Financial Statements

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STATEMENT OF CASH FLOWS OBJECTIVE SCOPE 1 BENEFITS OF CASH FLOW INFORMATION 4 DEFINITIONS 6 Cash and cash equivalents 7 PRESENTATION OF A STATEMENT OF CASH FLOWS 10 Operating activities 13 Investing activities 16 Financing activities 17 REPORTING CASH FLOWS FROM OPERATING ACTIVITIES 18 REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES 21



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Management is responsible for the accompanying financial statements of XYZ Company which comprise the balance sheet as of December 31 20X2 and the related statements of income changes in stockholders’ equity and cash flows for the year then ended and the related notes to the financial statements in accordance with accounting principles

Is accounts payable on the balance sheet or income statement?

What is a balance sheet or income statement?

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What is the statement of balance sheet?