An analyst stated that interest expense outflow are required to be reported in the financing section of the cash flow statement under both IFRS and US GAAP, is the analyst correct with respect to IFRS? GAAP A no no C yes no I selected C but schweser gives A…I have no idea
Under GAAP: interest is in CFO Under IFRS: interest is in CFO or CFI…NOT required!
@ norteastern student doesnt int exp come in CFF/CFO and int received come in CFI/CFO under IFRS? I guess answer should be C. Whatsay?
The key word is required. It’s not required under IFRS.
Agree with Isura… reqd is the keyword here