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2017•Unpublished venueRequires access

STATEMENT OF CASH FLOWS

Marie DiTommaso, Warren Ruppel, Richard F Larkin

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Abstract

A statement of cash flows is required to be presented as part of a complete set of financial statements for a not-for-profit organization that are prepared in accordance with generally accepted accounting principles (GAAP). A statement of cash flows should be presented as a basic financial statement whenever financial statements are prepared in accordance with generally accepted accounting principles. A statement of cash flows should be provided for each period for which a statement of activities is presented. The statement of cash flows requires classification of cash flows into these three categories: investing activities; financing activities; and operating activities. FASB ASC 230 provides the requirement of GAAP related to the statement of cash flows. ASU 2016-18 provides that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents.

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What this paper is about

A statement of cash flows is required to be presented as part of a complete set of financial statements for a not-for-profit organization that are prepared in accordance with generally accepted accounting principles (GAAP). A statement of cash flows should be presented as a basic financial statement whenever financial statements are prepared in accordance with generally accepted accounting principles. A statement of cash flows should be provided for each period for which a statement of activities is presented. The statement of cash flows requires classification of cash flows into these three categories: investing activities; financing activities; and operating activities. FASB ASC 230 provides the requirement of GAAP related to the statement of cash flows. ASU 2016-18 provides that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents.

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Available abstract

A statement of cash flows is required to be presented as part of a complete set of financial statements for a not-for-profit organization that are prepared in accordance with generally accepted accounting principles (GAAP). A statement of cash flows should be presented as a basic financial statement whenever financial statements are prepared in accordance with generally accepted accounting principles. A statement of cash flows should be provided for each period for which a statement of activities is presented. The statement of cash flows requires classification of cash flows into these three categories: investing activities; financing activities; and operating activities. FASB ASC 230 provides the requirement of GAAP related to the statement of cash flows. ASU 2016-18 provides that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents.

Key concepts: Cash flow statement, Statement of changes in financial position, Operating cash flow, Financial statement analysis, Cash and cash equivalents, Cash flow forecasting, Cash management, Cash flow

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