Cash flow reporting: Do listed companies comply with AC 118?

Abstract

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.

Citation

Steyn, B.W. and Hamman, W.D. (2003), "Cash flow reporting: Do listed companies comply with AC 118?", Meditari Accountancy Research, Vol. 11 No. 1, pp. 167-180. https://doi.org/10.1108/10222529200300011