Why is it desirable to use a worksheet when preparing a stat

Why is it desirable to use a worksheet when preparing a statement of cash flows? Is a worksheet required to prepare a statement of cash flows?

Solution

Yes, a worksheet is desirable because it gives enough time, careful thought and it allows the orderly accumulation and classification of data that appear in the statement of cash flows.

No, worksheet is not required to prepare a statement of cash flows as it an optional but effective device to prepare a statement of cash flow.