Statement of cash flows: requirement to present classified operating, investing and financing cash flows and define cash equivalents. The Standard requires an entity to prepare and present a statement of cash flows classifying historical cash and cash equivalent changes into operating, investing and financing activities. Cash comprises cash on hand and demand deposits. Cash equivalents are short term, highly liquid investments readily convertible to known amounts of cash with an insignificant risk of value change. Investing activities cover acquisition and disposal of long term assets and investments not treated as cash equivalents; financing activities change contributed equity and borrowings; operating activities are principal revenue producing and other non investing or non financing activities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statement of cash flows: requirement to present classified operating, investing and financing cash flows and define cash equivalents.
The Standard requires an entity to prepare and present a statement of cash flows classifying historical cash and cash equivalent changes into operating, investing and financing activities. Cash comprises cash on hand and demand deposits. Cash equivalents are short term, highly liquid investments readily convertible to known amounts of cash with an insignificant risk of value change. Investing activities cover acquisition and disposal of long term assets and investments not treated as cash equivalents; financing activities change contributed equity and borrowings; operating activities are principal revenue producing and other non investing or non financing activities.
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