Deloitte
Accounting Research Tool
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Chapter 1 — Overview

Chapter 1 — Overview

Chapter 1 — Overview

ASC 230 contains guidance on reporting cash flows in an entity’s financial statements. The primary objective for presenting a statement of cash flows under ASC 230 is to provide details on the changes in an entity’s cash and cash equivalents during a period. In accordance with this objective, cash receipts and payments are classified as operating activities, investing activities, or financing activities in the statement of cash flows and noncash investing and financing activities are separately disclosed.