Roadmap
Statement of Cash Flows (August
2024)
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This Roadmap provides Deloitte’s
insights into and interpretations of the accounting guidance on the statement of
cash flows, primarily that in ASC 230. The accounting principles related to the
statement of cash flows have been in place for many years; however, errors in the
statement of cash flows continue to be causes of restatements, and registrants
continue to receive comments from the SEC staff on cash flow presentation
matters.
New topics addressed in the 2024
edition of this Roadmap include (1) recent SEC remarks on the importance of the
statement of cash flows and (2) how the accounting guidance on the statement of cash
flows is affected by the FASB’s December 2023 Accounting Standards Updates on (a)
crypto assets and (b) improvements to income tax disclosures.
Also available is the latest edition of
On the Radar, a
high-level summary of emerging issues and trends related to
the accounting and financial reporting topics addressed in
the Roadmap.
Be sure to check out other titles in
Deloitte’s Roadmap series, our comprehensive,
easy-to-understand collection of accounting guides on selected topics of broad
interest to the financial reporting community.