IFRS requires the statement of cash flows be presented when financial statements are prepared.

Instructions
(a) Explain the purposes of the statement of cash flows.
(b) List and describe the three categories of activities that must be reported in the statement of cash flows.
(c) Identify and describe the two methods that are allowed for reporting cash flows from operations.
(d) Describe the presentation of non-cash investing and financing transactions. Include in your description an example of a non-cash investing and financing transaction.