Cannot link B/S items to change in WC on CF/S for IFRS company
I am from an IFRS-based country and is doing a project to showcase my financial modelling skills.
I have encountered a problem where I have no idea how to link change on B/S items to the change in WC in the CF/S (accounts payables is mixed with other payables and accrued expenses on the B/S but separated in a way I can't figure out on the CF/S, same goes for receivables). There is no disclosure and I have spent days just to not figure it out.
My question is: If I want to use the DSO, DOH and DPO to project B/S items and in turn project change in WC in the CF/S, and this method differs from how the company calculates it CF/S historically. Is it "allowed" in banking, and if it is, how common practice is it, especially for IFRS companies.
Iure dolorum et est mollitia quam. Eos sint impedit quo ipsa rem natus assumenda. Qui doloribus voluptas recusandae praesentium quia soluta in. Consequuntur voluptatem quisquam inventore possimus dolores. Dolor nesciunt vel nam dolor ut eum voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...