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How do we report "Bank Overdraft" in a Cash Flow Statement ?

Financial Reporting Financial Accounting Financial Management
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Question ajoutée par Utilisateur supprimé
Date de publication: 2014/09/19
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Sara Naeem
par Sara Naeem , Trainee Finance officer , Wah Brass Mill

Under IFRS however, bank overdraft is treated as part of cash and cash equivalents and movement in bank overdraft is not reported anywhere in the statement of cash flows.

georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

 Cash flows as a list showing cash receipts (receipts), and cash payments (payments) and the net change in cash from three activities are operating activities (ongoing), and investing activities, and financing activities for the facility economical during a specific time period a manner conducive to reconcile the cash balance in the first period The last period. List shows the movement of cash flows and does not show where the only transactions that do not produce cash flows Defines cash flow as an increase or decrease in cash or in items cash equivalents (cash and cash equivalents), a short-term investments of high liquidity, which can be converted to cash without specific warning shall not exceed the maturity of the three months from the time of purchase and deduct such amounts offered by banks owed made within three months from the date of the advance, and because the receipts represent amounts included to the facility shall be considered "cash inflows" as they are called payments on the term "outflow" because they represent the amounts out of the facility

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Bank overdrafts are the facilities provided by a banker to finance the working capital of the business either on the strength of debtors or for the bills receivables to finance the inventory in particular.

“Bank overdrafts” repayable on demand also qualify for inclusion in cash and cash

equivalents if they form part of the enterprise's cash management. Disclosure of the composition of cash and cash equivalents should be made if either of these items is included.. 

Utilisateur supprimé
par Utilisateur supprimé

I agree with Professor George

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