Ann: Media release, page-35

"Do you account for changes in cash position due to net financing and investing cashflows?"

No, I don't feel the need to.

The sort of accounting malfeasance that I am trying to catch usually occurs in the elements of the P&L that relate to the Operating Cash Flow section of the cash flow statement.

The only exception is when operating lease payments are included as Financing Cash Flows, which some naughty managers try to do, presumably in order to to flatter the Operating Cash Flows.

I do, however, perform other diagnostics on the Cash Flows vs the Reported Profits by comparing - over longer time frames - Investment in PP&E (as a proxy for capex) with Depreciation to detect the appropriateness and/or conservativeness of depreciation policies and Interest Expense (P&L) with Interest Paid (Cash Flow Statement) in order to detect any capitalisation of interest that may flatter the bottom-line in the P&L.