A Roadmap to the Preparation of the Statement of Cash Flows
A Roadmap to the Preparation of the Statement of Cash Flows
May 2020
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Acknowledgments
We are grateful for the thoughts and contributions of Adrian Mills, Joe DiLeo, and Matthew Sibert. Teri Asarito, Sandy Cluzet, Amy Davidson, Joseph Renouf, and Lora Spickler-Alot delivered the first-class editorial and production effort that we have come to rely on. Dennis Howell supervised the overall preparation of this Roadmap and extends his deepest appreciation to all professionals who helped in its development.
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Contents
Prefaceviii
Contactsx
Chapter 1 -- Overview
1
Chapter 2 -- Scope
2
Chapter 3 -- Format and Presentation
4
3.1Form and Content of the Statement of Cash Flows
4
3.2Gross and Net Cash Flows
6
3.2.1Situations in Which Net Presentation May Be Appropriate
7
3.3Presentation of Discontinued Operations
8
Chapter 4 -- Cash and Cash Equivalents
12
4.1Definition of Cash and Cash Equivalents
12
4.1.1Restricted Cash
13
4.1.1.1Balance Sheet Presentation of Restricted Cash
13
4.1.1.2Presentation of Restricted Cash in the Statement of Cash Flows
14
4.1.1.3Reconciliation of Cash, Cash Equivalents, and Amounts Generally Described as
Restricted Cash or Restricted Cash Equivalents for an Interim Reporting Period
16
4.1.2Classification of Interest Earned on Restricted Funds
16
4.2Book and Bank Overdrafts
17
4.2.1Balance Sheet Considerations
17
4.2.1.1Book Overdrafts
17
4.2.1.2Bank Overdrafts
19
4.2.2Considerations Related to the Statement of Cash Flows
19
4.3Centralized Cash Management Arrangements ("Cash Pools")
19
4.4Money Market Funds
21
4.5Variable-Rate Demand Notes
22
4.6Auction Rate Securities
23
4.7Credit and Debit Card Receivables
23
Chapter 5 -- Noncash Investing and Financing Activities
24
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