You are an accountant for an accountancy company that has the following organisational procedures for preparing financial statements:

All financial statements are to be prepared using Microsoft Excel with a worksheet for each type of statement.

Cash flow statements must be prepared in accordance with AASB107 Statement of Cash Flows

Cash flow statements must be prepared within 3 working days of receipt of information from client.

One of your clients is Bob's Machinery, and another is Azar Trading.