Economics · Indian Accounting Standards (Ind AS)
Consider the following statements regarding the integration and linkage of Indian Accounting Standards (Ind AS) with Cash Flow Analysis: I. Ind AS 1 (Presentation of Financial Statements) mandates the Cash Flow Statement as a compulsory component of a complete set of financial statements. II. Impairment losses recognized under Ind AS 36 (Impairment of Assets) are treated as non-cash charges and are added back to net profit when determining cash from operating activities. III. According to the linkage with Ind AS 16 (Property, Plant & Equipment), proceeds generated from the disposal of fixed assets are classified under Financing Activities. IV. Any change in the accounting policy concerning the classification of cash items must be disclosed as per the requirements of Ind AS 8. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, III and IV Only
- 2II, III and IV Only
- 3I, II and IV Only✓
- 4I, II and III Only
Correct answer
I, II and IV Only
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