考文垂大学 商科课程 财务报表分析 课堂问题 现金流.docVIP

M17EFA Interpretation of the statement of cash flows Seminar questions Exercise 1 Explain the effect (if any) of the following transactions on the income statement and statement of cash flows. If the transaction impacts on the statement of cash flows indicate which heading it appears under (operating / financing / investing activities): Cash received from customers Repayment of a bank loan Purchase of a motor vehicle for cash. The vehicle has a useful life of 5 years and will depreciated using the straight line method The purchase of inventory for cash Payment of wages and salaries to employees Purchase of inventory on credit Debenture interest paid Proceeds from a new issue of ordinary shares Credit sales Disposal proceeds following the sale of a machine Tax paid Payment of an ordinary dividend Rates accrued at the year end Prepayment of insurance at the year end Purchase of short term investments Exercise 2 (Direct method) The following cash flows were extracted from the accounts of Alpha Limited at the 31 December 20X6. ￡ Loan repaid 25,000 Purchase of office equipment 15,000 Proceeds from sale of property 25,000 Interest paid 350 Interest received 1,150 Payments to suppliers 175,000 Payments to employees 55,000 Expenses paid 10,000 Receipts from customers Cash and cash equivalents at 1 January 20X6 250,000 10,600 Required: Prepare a cash flow statement using the direct method for the year ended 31 December 20X6. Calculate cash and cash equivalents at 31 December 20X6 Exercise 3 (CIPFA Financial Reporting exam December 2004 - updated for IAS) A manager in the Treasury Department of the organisation you work for has asked for your help in interpreting the statement of cash flows of Angelo Ltd, a private company. He has supplied you with the statement of cash flows for Angelo Ltd for the last three years as follows: Angelo Ltd Statement of cash flows for the year ended 31 October 2002 2003 2004 ￡ ￡ ￡ Net cash flow