The disposal of subsidiary note
ID:CVDSN
Video Overview
A net profit does not necessarily mean that an entity will have a favourable cash position. Net profit is calculated using the accrual basis of accounting, which means that income earned and expenses incurred in order to generate that income for a particular period are used to calculate net profit, regardless of whether cash has been received for the income or cash has been paid for the expenses. IAS7 stipulates the format of the statement of cash flow. The cash flow statement has three main sections, namely operating, investing and financing activities. One item under investing activities is the disposal of a subsidiary. In this tutorial we will look at the disposal of subsidiary note.
Member Area
UNREGISTERED? - CHOOSE A PLAYLIST TICKET
Please note
Internet access is required to view this product. You will be required to stream the online videos, which means you will incur data charges. Charges fluctuate depending on the length and complexity of the video.
These subscriptions will auto renew. E-mails will be sent to you 10 days before as a warning that it's about to auto renew. If you wish to cancel a subscription, you can visit 'Member Area - My Tickets and Subscriptions', where you can exercise the option to cancel.