The staff of the UK Financial Reporting Council (FRC) is working with the IASB Disclosure Initiative team, analysing general issues relating to cash flow statements and related disclosures. In this context, the IASB intends to consider possible improvements to IAS 7 Statement of Cash Flows. The Disclosure Initiative includes different work streams, one of which will address performance reporting. ![]() The IASB is currently bringing forward its Disclosure Initiative project to improve and bring together the principles for determining the basic structure and content of financial statements. Statement of Cash Flows for financial institutions For more information, see Setting Report Footer Options.Project History The EFRAG Short Discussion Series addresses topical and problematic issues with the aim of helping the IASB to address cross-cutting dilemmas in financial reporting and stimulating debate among European constituents and beyond. Click the More arrow button to display all footer lists. You also can select from the Column list to display report amounts by an additional dimension, including time period, class, department, location, or, if you are using NetSuite OneWorld, subsidiary. In the footer of the report, you can select from filter lists to refilter report data. You can click Cancel Report next to the status bar to stop the report from loading. The status bar in the footer of the report indicates the progress as your report loads. Go to Reports > Financial > Cash Flow Statement.Ī message will appear indicating that your report is loading. Be aware that the Allow Web Query option is not available for this report. For more information, see Financial Report Builder. You can set formatting options for each row. ![]() In addition to account type, you can group section data by class, department, location, and if you are using NetSuite OneWorld, subsidiary. You can use dynamic criteria other than account type for section data, including account name, account number, class, department, location, and if you are using NetSuite OneWorld, subsidiary. You can add, reorder, and change the hierarchy of rows. You can customize the Cash Flow Statement in the Financial Report Builder. The adjustment calculated for the Effect of Exchange Rate on Cash row adds or subtracts any CTA amount as necessary. Exchange rate adjustment postings, when they do occur, are made to the CTA account. Generally no postings are made for exchange rate adjustment amounts included in this row. This row is a calculated amount that accounts for the related amount in the Cumulative Translation Adjustment (CTA) account used in the consolidated balance sheet. This adjustment ensures the cash flow statement's Cash at End of Period is consistent with the balance sheet's Bank or cash equivalent. This row adjusts for the effects of rate differences in cash flow statement accounts for the period. Standard section data are selected based on account type and are grouped by accounts.įor NetSuite OneWorld with multi-currency enabled, consolidated cash flow statement reports include an Effect of Exchange Rate on Cash row. Each summary row is calculated either through a sum of child row amounts or through a specified formula.
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