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Preparing Cash Flow Statements for Highlow Engineering Co. Ltd. Cash Flow Statements were prepared for Highlow Engineering Company Limited for years ending March 31, 2002 and March 31, 2003. The statements
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Financial Accounting Part 1.a Preparing Cash Flow Statements for Highlow Engineering Co. Ltd. Cash Flow Statements were prepared for Highlow Engineering Company Limited for years ending March 31, 2002 and March 31, 2003. The statements conformed to the requirements of FRS1 (revised December 1996). Highlow Engineering Co. Ltd. cash flow statements list the cash flows for the periods under consideration using the following headings: 1. Operating activities (derived using the indirect method) 2. Returns on Investments and servicing of Finance 3. Taxation 4. Capital Expenditure 5. Equity dividends paid 6. Financing 7. Change in Cash 'Management of liquid resources' which was a required heading for the revised FRS1 was not used since there were no such readily disposable investments to manage. The company's treasury bills were convertible into cash within 24 hours so they were treated as cash. Based on the requirements of FRS1 (revised 1996), accompanying notes to the cash flow statements are provided in the excel spreadsheet. These notes...
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