Cash flow statements was introduced on the basis that it would provide better, more comprehensive and more useful information than what was already shown in the financial statements.
The main areas where IAS 7 should provide information not found elsewhere in the financial statements are:
Relationship between profit and cash
Focus on cash equivalents.
Financing inflows and outflows must be revealed
The main areas where IAS 7 should provide information not found elsewhere in the financial statements are:
Relationship between profit and cash
Focus on cash equivalents.
Financing inflows and outflows must be revealed