FRS 102: The statement of cash flows

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Steven Collings
Audit and Technical Partner
Leavitt Walmsley Associates Ltd
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This is the fourth in a series of articles that considers the accounting and disclosure requirements contained in FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and which becomes mandatory for companies within its scope for accounting periods commencing on or after 1 January 2015 with the objective of assisting practitioners understand the requirements of the new UK GAAP, explains Steve Collings.

Previous articles have examined the differences between UK GAAP in its current form and FRS 102 requirements. This article examines the statement of cash flows as dealt with in Section 7 to FRS 102 and hereon in is referred to in its UK terminology as the ‘cash flow statement’.

Classifications of cash flows

Current FRS 1 Cash Flow Statements requires...

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  • Cash equivalents
  • Presentation of cash and cash equivalents
  • Illustration of the cash flow statement under Section 7
  • Dividends and interest
  • Conclusion

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26th Apr 2013 22:07

" of the primary financial statements under FRS 102..."

While I'm not disputing that, in practical terms I think they are unwanted and usually ignorred.

Thanks (1)
05th Nov 2015 12:39

Cash Flow Statements



The article on CFS 's written by Steve Collings, although informative, appears to be somewhat outdated; particularly in relation to its structural presentation outlined in IAS 7.

I also searched your website for information about this standard, particularly details concerning its structure and presentation for limited company's financial reporting, without success.

I would be grateful for your comments on these observations.


Ian Roberts 

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