ACCT602 Financial Accounting and reporting
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- Referencing Styles: APA
- Words: 1250
- Course Code: ACCT602
- Course Title: Financial Accounting
- University: Auckland University of Technology
- Country: NZ
Assume that you and your group members are part of a listed company’s accounting team and have been requested to make a report to a group of potential investors. Based on the cash flow statement (and other relevant financial statements and notes) of the listed company allocated to your group, submit a report discussing the followings: Listed company: Meridian Energy Ltd (MEL) Discuss the company’s statement of cash flows for the current period, with reference to NZ IAS 7 guidelines (550-600 words).
Your discussion should cover the followings: Explain the method of presentation of operating cash flows in the statement of cash flows. Compare your companies’ profits (Refer to Income Statement/ Profit or Loss Statement of the company) against net operating cash flows and identify the major factors contributing to the difference between the company’s profit and cash flow from operating activities. Discuss how the company has classified interest received, interest paid, dividends received, and dividends paid (if any). Describe the major factors contributing to the net cash flows from operating, investing and financing activities.