The Accounting Standard Dealing with the Statement of Cash Flows

question 52

Multiple Choice

The accounting standard dealing with the statement of cash flows is:

• A) IAS 7/AASB 107.
• B) IAS 1/AASB 1001.
• C) IAS/19/AASB 1019.
• D) IAS 18/AASB 118.

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Definitions:

SCM

Supply Chain Management; it involves the management of the flow of goods and services.

ERP

Enterprise Resource Planning is software utilized by companies for the daily management of business operations including accounting, procurement, project management, and manufacturing.

TPS

Transaction Processing System, a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise.

CRM

Customer Relationship Management, a technology for managing a company's interactions and relationships with current and potential customers.