New UK GAAP 2015: Application of FRS 100-102 in the UK

Chapter 5 Statement of cash flows

1 Introduction

2 Comparison between Section 7, previous UK GAAP and IFRS

   2.1 Key differences between Section 7 and previous UK GAAP

       2.1.1 Classification differences

       2.1.2 Cash and cash equivalents

       2.1.3 Net debt reconciliation

       2.1.4 Entities exempt from preparing a cash flow statement

   2.2 Key differences between Section 7 and IFRS

       2.2.1 Entities exempt from preparing a statement of cash flows

       2.2.2 Presentation using the indirect method

3 The requirements of Section 7 for a statement of cash flows

   3.1 Scope

   3.2 Terms used by Section 7

   3.3 Cash and cash equivalents

       3.3.1 Short-term investments

       3.3.2 Money market funds

       3.3.3 Investments with maturities greater than three months

       3.3.4 Restrictions on the use of cash and cash equivalents

       3.3.5 Reporting of differing cash flows arising from a single transaction

   3.4 Information to be presented in the statement of cash flows

   3.5 Reporting cash flows from operating activities

       3.5.1 Indirect method

       3.5.2 Direct method

   3.6 Reporting cash flows from investing activities

   3.7 Reporting cash flows from financing activities

   3.8 Reporting cash flows on a net basis

   3.9 Foreign currency cash flows

   3.10 Interest and dividends

   3.11 Income tax

   3.12 Non cash transactions

   3.13 Other disclosures

   3.14 Example statement of cash flows using the indirect method

4 Practical implementation ...