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Basic Question 2 of 8
While the indirect method of preparing the Statement of Cash Flows is more commonly used, the direct method is considered to be more easily understood by users. True or False?
User Contributed Comments 1
| User | Comment |
|---|---|
| kingirm | i find indirect method easier to grasp. .. |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data
CFA® 2025 Level I Curriculum, Volume 2, Module 4.