7Asc 230 Statement of Cash Flows

  1. Perspective and Issues
    1. Subtopic
    2. Scope and Scope Exceptions
    3. Overview
  2. Definitions of Terms
  3. Concepts, Rules, and Examples
    1. Cash Focus
    2. Classification of Cash Receipts and Disbursements
      1. Other classification items
    3. Operating Activities Presentation
      1. Direct vs. indirect
    4. Other Requirements
      1. Gross vs. net basis
      2. Extraordinary Items and Discontinued Operations
      3. Cash flow per share
    5. Entities Exempt from Providing a Statement of Cash Flows
    6. Net Reporting by Financial Institutions
    7. Not-for-Profit Organizations
    8. Reporting Hedging Transactions
    9. Reporting Foreign Currency Cash Flows
    10. Preparation of the Statement
      1. Example of Preparing a Statement of Cash Flows
    11. Statement of Cash Flows for Consolidated Entities
    12. Disclosures
      1. Cash Equivalents Policy
      2. Interest and Income Taxes Paid
      3. Noncash Investing and Financing Activities
    13. Other Sources

Perspective and Issues


ASC 230, Statement of Cash Flows, contains one subtopic:

  • ASC 230-10 Overall, that establishes standards for cash flow reporting in general purpose financial statements.

Scope and Scope Exceptions

A statement of cash flows is a required part of a complete set of financial statements for business enterprises and not-for-profit organizations. The following are not required to present a statement of cash flows:

  • Defined pension plans that present financial information under Topic 960,
  • Other employee plans that present information similar to ASC 960,
  • Certain investment companies, and
  • “A common trust ...

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