oa Meditari : Research Journal of the School of Accounting Sciences - Cash flow reporting : do listed companies comply with AC 118?
|Article Title||Cash flow reporting : do listed companies comply with AC 118?|
|© Publisher:||University of Pretoria|
|Journal||Meditari : Research Journal of the School of Accounting Sciences|
|Author||B.W. Steyn and W.D. Hamman|
|Publication Date||Jan 2003|
|Pages||167 - 180|
|Keyword(s)||AC 118, Cash flow reporting, Cash flow statement, Compliance and Non-compliance|
This article assesses the state of cash flow reporting by listed South African industrial companies in order to evaluate whether the users of financial statements can accept them as being reliable and use them as a tool to compare the operating performance of various companies.
As the cash flow statement has been in use since 1989, it was envisaged that compliance would be high. However, it was found that there are several companies that deviate from some of the requirements of AC 118 regarding cash flow statements.
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