PRACTICE TOPIC
Non-Cash Transactions
Practice Non-Cash Transactions with 7 accounting challenges on Accountely — instant IAS/IFRS-compliant scored feedback on every submission.
What non-cash transactions covers
Non-cash transactions — acquiring an asset under a lease, converting debt to equity, issuing shares for property — change the financial position without any cash moving. They are excluded from the body of the cash flow statement precisely because no cash flowed, but they are disclosed separately so a reader is not misled about the scale of investing and financing activity.
These challenges ask you to identify non-cash items, keep them out of the cash flow statement, and disclose them correctly.
Where marks are usually lost
- Including a non-cash acquisition as an investing outflow.
- Omitting the disclosure entirely because nothing appeared in the statement.
- Recording only the cash portion of a part-cash, part-share transaction without disclosing the rest.
7 Non-Cash Transactions practice challenges
TitleTypeDifficulty
Alderbrook SA - Complete Indirect Cash Flow Statement Cash FloweasyMeridian Manufacturing Ltd. — Statement of Cash Flows (Indirect) Cash FlowmediumOrion Trading PLC - Complete Indirect Cash Flow Statement Cash FlowhardCobalt Ridge Ltd - Three Statements with a Non-cash Share Issue for Equipment Multi-StatementhardZenith Industries Ltd - Complete Indirect Cash Flow Statement Cash FlowhardPalisade Corporation - Indirect Statement of Cash Flows Cash FlowhardNorthfield SA - Complete Cash Flow Statement Cash Flowhard