May 2012
Intermediate to advanced
846 pages
27h 56m
English
Content preview from The Handbook to IFRS Transition and to IFRS U.S. GAAP Dual Reporting
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5.7 CAPTIONS AND LINE ITEMS
5.7.1 Minimum Line Items and Separate Presentation
In addition to the mandatory threefold classification of cash flows (see Paragraph 5.5.1 previously), accounting pronouncements dictate some additional presentation content. Both IAS 7 and Subtopic 230-10 (FASB Statement No. 95) indicate certain items to be displayed separately.
Comment: Unlike IFRSs, Subtopic 230-10 (FASB Statement No. 95) also indicates a minimum content under the direct method.
Diverse practice exists about the length of the statement of cash flows. A survey reports that IFRS companies in 2006 presented statements of cash flows containing between 14 and 86 items, with an average of about 36.512 Exhibits 5.4 to 5.7 list the major items of the statement of cash flows. This is not a comprehensive inventory because it comprises only items that accounting pronouncements mention. They also show items for which separate presentation is required. Exhibit 5-11 lists items relating to certain specialized industries.
Exhibit 5-11 Examples of Items of the Statement of Cash Flows Specific to Certain Specialized Industries
| Banks and Other Financial Institutions | |
| IFRSs | U.S. GAAP and SEC Guidance1 |
| Cash flows from operating activities2 | |
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