Examlex
Which is not true for the integrating conceptual model presented in this chapter?
Operating Activity
Activities that relate directly to the primary business operations of a company, such as sales and service revenues and associated costs.
Financing Activities
Activities that result in changes in the size and composition of the equity capital and borrowings of the entity.
IFRS
International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board (IASB) to guide companies and organizations in preparing financial statements globally.
Direct Method
A cash flow statement presentation that lists major classes of gross cash receipts and payments, giving a clear view of actual cash flows.
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