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Prepare a Statement of Cash Flows for Guest pic for the year ended 31 December 2021 in accordance with IAS 7 Statement of Cash Flow.

Prepare a Statement of Cash Flows for Guest pic for the year ended 31
December 2021 in accordance with IAS 7 Statement of Cash Flow.
(14 marks)
image text in transcribed
image text in transcribed
Required: (a) Prepare a Statement of Cash Flows for Guest plc for the year ended 31 December 2021 in accordance with IAS 7 'Statement of Cash Flow'. (14 marks) (b) Explain why profit from operations and cash differ in many cases. What is the role of accruals? (6 marks) (Total 20 marks) Required: (a) Prepare a Statement of Cash Flows for Guest plc for the year ended 31 December 2021 in accordance with IAS 7 'Statement of Cash Flow'. (14 marks) (b) Explain why profit from operations and cash differ in many cases. What is the role of accruals? (6 marks) (Total 20 marks)

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