Deloitte
Accounting Research Tool
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On the Radar

On the Radar

On the Radar

Because ASC 230 is largely principles-based, financial statement preparers must exercise significant judgment when classifying certain cash receipts and payments in their statement of cash flows. Given the lack of prescriptive rules, cash flow presentation continues to challenge financial statement preparers, as noted in recent statements made by regulators. As a result, the FASB has continued to evaluate issues related to the presentation of cash receipts and payments in the statement of cash flows.