Article: FASB requires cash flow statement. (Financial Accounting Standards Board)

FASB REQUIRES CASH FLOW STATEMENT

STAMFORD, Conn., Nov. 19 /PRNewswire/ -- A standard issued today by the Financial Accounting Standards Board requires that a cash flow statement be included as part of a full set of financial statements. The cash flow statement replaces the statement of changes in financial position. The new standard, FASB Statement 95, "Statement of Cash Flows," applies to all business enterprises.

Statement 95 requires that cash receipts and payments shown in the cash flow statement be classified according to whether they stem from operating, investing, or financing activities. Those categories are defined in the Statement. ...

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