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Which format do you prefer, direct or indirect?ﾃつ Why?ﾃつ What advantages & disadvantages are there for...

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Accounting

Which format do you prefer, direct or indirect?ﾃつWhy?ﾃつ What advantages & disadvantages are there for themethod you prefer?

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3.6 Ratings (450 Votes)
I Prefer Indirect format over direct format The advantages are as mentioned below 1 The indirect method of cash flow uses net income as the base and does the adjustments needed ie adding and subtracting the variables to convert the total net income to cash amount from operations 2 The direct method of cash flow in operating activities includes the cash being received from the customers and the cash paid to the suppliers employees and others The cash can    See Answer
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