• Explain the concept of cash flow statement
• Determine cash inflows and cash outflows transactions
• Understand the usefulness of cash flow statement
• Explain the operating, financing and investing activities
• Discuss adjustment of depreciation, amortisation, other non-cash expenses, non-operating expenses and incomes to determine cash flow from operating activities
• Examine ‘T’ account approach to facilitate preparation of cash flow statement
• Illustrate preparation of cash flow statement
• Illustrate cash flow statement as per AS–3
