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Is the direct method still used in the statement of cash flows?

Accounting Auditing Cash Flow Finance
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Question added by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co
Date Posted: 2017/05/19
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Hazim Hassan, CMA, CIFR
by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co

The direct method of preparing the statement of cash flows is recommended by the Financial Accounting Standards Board (FASB). However, the direct method is rarely used.

Manikantan chirayil
by Manikantan chirayil , Senior Accountant , Qatar Technical Services W.L.L. Doh

the direct method is rarely used.

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