Statement of cash flows requirement: present cash flows classified by operating, investing and financing activities with specified disclosures. The Standard mandates presentation of a statement of cash flows classifying historical cash flows into operating, investing and financing activities, defines cash and cash equivalents, prescribes direct or indirect methods for reporting operating cash flows (encouraging the direct method), and provides detailed classification and disclosure requirements for interest, dividends, taxes, foreign currency cash flows, non cash transactions, changes in ownership interests, supplier finance arrangements, and reconciliations of liabilities arising from financing activities.