Do you account for interest tax expense in the indirect method? Does anyone have a list of what we need to adjust for with indirect method…or compared to direct method… Thanks much
Your best bet is to google some of these topics - especially something that’s general. I found this for you, hope it helps. http://archive.prairiepublic.org/features/END/cashwrk3.htm
P.S it matter if its IFRS and GAAP IFRS: interest paid could CFO or CFF, and interest received could be CFO or CFI GAAP: Interest Received or Paid is CFO
Also, both of the examples in CFAI include interest and tax in direct/indirect methods.
Further, the companies only have to disclose the interest & taxes under IFRS. GAAP allows to disclose in footnotes.