Quelpr
20 marksPublished Accounts and Statement of Cash Flows

CAPE Accounting Unit 1 · 2013 · Paper 2 · Question 3(a)

Fabric Smart Jamaica Ltd provides comparative balance sheets as at 31 December 2011 and 2010, an income statement and retained earnings statement for 2011, and additional transaction details.

Prepare a Statement of Cash Flows for the year ended 31 December 2011 using the indirect method in accordance with IAS 7 (IFRS for SMEs Section 7), showing cash flows from operating, investing, and financing activities.

This question uses a figure or table from the paper — you'll see it when you practise.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 3(b)(i)Calculate the Current ratio for the year ended 31 December 2011 and interpret your answer.[3 marks]
  2. 3(b)(ii)Calculate the Quick ratio for the year ended 31 December 2011 and interpret your answer.[3 marks]
  3. 3(b)(iii)Calculate the ratio Debt / Total Assets for the year ended 31 December 2011 and interpret your answer.[3 marks]
  4. 3(b)(iv)Calculate the ratio Debt / Equity for the year ended 31 December 2011 and interpret your answer.[3 marks]
  5. 3(b)(v)Calculate the ratio Net Income / Total Assets for the year ended 31 December 2011 and interpret your answer.[3 marks]

More practice: the rest of this paper · more Published Accounts and Statement of Cash Flows questions · all CAPE Accounting Unit 1 past papers