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Statement of cash flows

Example T-account workings to derive missing information

Note – this is a similar approach to workings that may be required for an incomplete
records exercise. Opening and closing balances can be identified from the opening
and closing SOFP, and other information may be identified in the SP&L and/or
supporting notes to the question

Income tax
Date Details $ Date Details $

Bal b/fwd (per opening SOFP) X
In year Cash paid X In year SP&L charge X

Bal c/fwd (per closing SOFP) X
––– –––

X X
––– –––

Tutor notes guidance – discussion points

Take students through TYU 3 from chapter 19 of the Study Text

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