Statement of cash flows
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Statement of cash flows
Page 2
Typical coverage of US GAAP
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Purpose and scope
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Content, format and classification
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Preparation
Statement of cash flows
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Executive summary
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In general, the requirements under IFRS and US GAAP are quite similar.
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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:
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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.
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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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