Cash Flow Statements :

[This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of its objective, the Preface to the Statements of Accounting Standards1 and the ‘Applicability of Accounting Standards to Various Entities’ (See Appendix 1 to this Compendium).]

This Accounting Standard is not mandatory for Small and Medium Sized Companies and non-corporate entities falling in Level II and Level III as defined in Appendix 1 to this Compendium ‘Applicability of Accounting Standards to Various Entities.’ Such entities are however encouraged to comply with this standard.