Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

Use Source A4 in the insert.

(a)[3]

State three reasons why a business prepares a statement of cash flows.

(b)[22]

Prepare the statement of cash flows for XY plc for the year ended 31 December 2021 under IAS 7. Use the available space to present your workings.

Worked solution & mark scheme

This 25-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Required by regulation” …