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Statement_of_cash_flows_slides

Statement_of_cash_flows_slides - Statement of cash flows...

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Statement of cash flows
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Statement of cash flows Page 2 Typical coverage of US GAAP Purpose and scope Content, format and classification Preparation
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Statement of cash flows Page 3 Executive summary In general, the requirements under IFRS and US GAAP are quite similar. There are some differences with regard to classification among operating, investing and financing activities. The most notable of these are the differences in interest and dividends paid and received: Under IFRS, interest and dividends paid can be classified either as operating or financing cash flows. Interest and dividends received can be classified either as operating or investing cash flows. Under US GAAP, interest paid, interest received and dividends received are all classified as operating cash flows. Dividends paid are classified as financing cash flows.
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