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International Accounting Standards (IAS)
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| U.S. GAAP | IFRS, IAS | Accounting Topics |
International Accounting Standard (IAS) 7
Statement of Cash Flows
International Financial
Reporting Standards (IFRS) |
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International Accounting
Standards (IAS) |
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U.S. GAAP by Topic |
| International Accounting Standard (IAS) 7 |
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IAS 7
Statement of Cash Flows Issued in
December 1992: replaced October 1977 version of IAS 7 Recent amendment:
by IAS 1 revised in September 2007 IAS 1
(revised in September 2007) changed the title of IAS 7 --> from Cash Flow Statements --> to Statement of Cash Flows |
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Classification of cash flows (1) cash flows from operating activities (2) cash flows form investing activities (3) cash flows from financing activities |
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Cash flows
from operating activities --> reported using either (1) or (2) (1) direct method (2) indirect method |
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IAS 7
encourages the use of
direct method. |
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IAS
7 Technical Notes |
