Perspective and Issues
The FASB asked the EITF to address nine statement of cash flows issues. Eight of those issues were resolved in ASU 2016-15, and the ninth was resolved by ASU 2016-18.
ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments
The exhibit following lists the issues and how they were resolved.
Exhibit—ASU 2016-15—Summary of Changes
|1||Debt prepayment or debt extinguishment cost||Classify as cash outflows ...|