BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The following terms are used in this Standard with the meanings specified: Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Detailed explanation-2: -This classification by activities is designed to provide useful information about the relative importance of these activities and the inter-relationships between them to help users of the financial statements to assess the liquidity and financial adaptability of the entity.

Detailed explanation-3: -MFRS 107 requires all entities to prepare a cash flow statement as an integral part of their financial statements for each period for which financial statements are presented. The cash flow statement reports changes in cash and cash equivalents in the period, by.

Detailed explanation-4: -The statement of cash flows shall report cash flows during the period classified by operating, investing and financing activities. An entity presents its cash flows from operating, investing and financing activities in a manner which is most appropriate to its business.