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Institute of Chartered Accountants of India (www.icai.org) has published Accounting Standard 3 which deals with Cash Flow Statements. An enterprise should prepare a cash flow statement and should present it for each period for which financial statements are presented.

Cash flow statement should give details of cash flows from operating activities, investing activities and financing activities. Cash flows from operating activities can be presented under direct method or indirect method.

eMerge™ generates cash flow statements using indirect method in case of operating cash flows. Additional information which is not part of the trial balance, such as purchase and sale of assets, purchase and sale of investments, is captured using manual entry or data import. Thereafter eMerge™ generates comprehensive cash flow statement.

Useful links-
AS-3 published by ICAI http://www.icai.org/post.html?post_id=8660
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demo@emergeconsol.com
 
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