Accounting Standard: Cash Flow Statements
stanAccounting Standard (AS) 3
(revised 1997)
Cash Flow Statements Contents
OBJECTIVE SCOPE BENEFITS OF CASH FLOW INFORMATION DEFINITIONS Cash and Cash Equivalents PRESENTATION OF A CASH FLOW STATEMENT Operating Activities Investing Activities Financing Activities REPORTING CASH FLOWS FROM OPERATING ACTIVITIES REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES REPORTING CASH FLOWS ON A NET BASIS FOREIGN CURRENCY CASH FLOWS EXTRAORDINARY ITEMS INTEREST AND DIVIDENDS TAXES ON INCOME Paragraphs 1-2 3-4 5-7 6-7 8-17 11-14 15-16 17 18-20 21 22-24 25-27 28-29 30-33 34-35
Continued../..
56 AS 3 (revised 1997)
INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES AND OTHER BUSINESS UNITS NON-CASH TRANSACTIONS COMPONENTS OF CASH AND CASH EQUIVALENTS OTHER DISCLOSURES ILLUSTRATIONS
36 37-39 40-41 42-44 45-48
Cash Flow Statements 57 53
Accounting Standard (AS) 3*
(revised 1997)
Cash Flow Statements
[This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of its objective, the Preface to the Statements of Accounting Standards 1 and the ‘Applicability of Accounting Standards to Various Entities’ (See Appendix 1 to this Compendium).] This Accounting Standard is not mandatory for Small and Medium Sized Companies and non-corporate entities falling in Level II and Level III as defined in Appendix 1 to this Compendium ‘Applicability of Accounting Standards to Various Entities.’ Such entities are however encouraged to comply with this standard.
Objective
Information about the cash flows of an enterprise is useful in providing users of financial statements with a basis to assess the ability of the enterprise to generate cash and cash equivalents and the needs of the enterprise to utilise those cash flows. The economic
(revised 1997)
Cash Flow Statements Contents
OBJECTIVE SCOPE BENEFITS OF CASH FLOW INFORMATION DEFINITIONS Cash and Cash Equivalents PRESENTATION OF A CASH FLOW STATEMENT Operating Activities Investing Activities Financing Activities REPORTING CASH FLOWS FROM OPERATING ACTIVITIES REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES REPORTING CASH FLOWS ON A NET BASIS FOREIGN CURRENCY CASH FLOWS EXTRAORDINARY ITEMS INTEREST AND DIVIDENDS TAXES ON INCOME Paragraphs 1-2 3-4 5-7 6-7 8-17 11-14 15-16 17 18-20 21 22-24 25-27 28-29 30-33 34-35
Continued../..
56 AS 3 (revised 1997)
INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES AND OTHER BUSINESS UNITS NON-CASH TRANSACTIONS COMPONENTS OF CASH AND CASH EQUIVALENTS OTHER DISCLOSURES ILLUSTRATIONS
36 37-39 40-41 42-44 45-48
Cash Flow Statements 57 53
Accounting Standard (AS) 3*
(revised 1997)
Cash Flow Statements
[This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of its objective, the Preface to the Statements of Accounting Standards 1 and the ‘Applicability of Accounting Standards to Various Entities’ (See Appendix 1 to this Compendium).] This Accounting Standard is not mandatory for Small and Medium Sized Companies and non-corporate entities falling in Level II and Level III as defined in Appendix 1 to this Compendium ‘Applicability of Accounting Standards to Various Entities.’ Such entities are however encouraged to comply with this standard.
Objective
Information about the cash flows of an enterprise is useful in providing users of financial statements with a basis to assess the ability of the enterprise to generate cash and cash equivalents and the needs of the enterprise to utilise those cash flows. The economic