Cashflow Statements (Leaving Cert Accounting): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What do cashflow statements explain?
What do cashflow statements explain?
Difference between cash balances at start & end
Which standard governs the preparation of cashflow statements?
Which standard governs the preparation of cashflow statements?
FRS 1
How does an increase in stock affect cash flow in the reconciliation?
How does an increase in stock affect cash flow in the reconciliation?
Reduces cash flow
How does an increase in creditors affect cash flow?
How does an increase in creditors affect cash flow?
Improves cash flow
How is depreciation treated when reconciling operating profit to net cash flow?
How is depreciation treated when reconciling operating profit to net cash flow?
Added back to operating profit
Which section includes interest paid and preference dividend paid?
Which section includes interest paid and preference dividend paid?
Return on investment & servicing of finance
What formula calculates net debt?
What formula calculates net debt?
What are liquid resources?
What are liquid resources?
Short-term investments like government securities
Why might a profitable business still face cashflow problems?
Why might a profitable business still face cashflow problems?
Customers haven't paid invoices yet
How is a profit on disposal of fixed assets treated in the reconciliation?
How is a profit on disposal of fixed assets treated in the reconciliation?
Subtracted from operating profit