Researched by Milan Choo
Statement of Cash Flows
Presentation of a statement of cash flows
Operating activities
14 Cash flows ..
Some transactions, such as the sale of an item of plant, may give rise to a gain or loss which that is included in the determination of recognised profit or loss. However, tThe cash flows relating to such transactions are cash flows from investing activities. However, cash payments to manufacture or acquire assets held for rental to others and subsequently held for sale as described in paragraph 68A of FRS 116 Property, Plant and Equipment are cash flows from operating activities. The cash receipts from rents and subsequent sales of such assets are also cash flows from operating activities.
Investing activities
16 The separate disclosure of cash flows arising from investing activities is important because the cash flows represent the extent to which expenditures have been made for resources intended to generate future income and cash flows. Only expenditures that result in a recognised asset in the statement of financial position are eligible for classification as investing activities. Examples of cash flows arising from investing activities are:
(a) ...
Effective date
55 Paragraph 14 was amended by Improvements to FRSs issued in September 2009. An entity shall apply that amendment for annual periods beginning on or after 1 January 2010. Earlier application is permitted. If an entity applies the amendment for an earlier period it shall disclose that fact and apply paragraph 68A of FRS 116.
56 Paragraph 16 was amended by Improvements to FRSs issued in September 2009. An entity shall apply that amendment for annual periods beginning on or after 1 January 2010. Earlier application is permitted. If an entity applies the amendment for an earlier period it shall disclose that fact.
(Source: http://www.masb.org.my/images/stories/312011/ImprovementFRS107_15Sept09.pdf)
Hiç yorum yok:
Yorum Gönder