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Cash flow under new UK GAAP

Cash flow is dealt with under sections 2 and 7 of FRS 102. On this page you can find articles, books and online resources providing summaries, guidance and news of recent developments.

General guidance and information on the accounting standard is available from our FRS 102 page.

Cash flow was dealt with in FRS 1 under old UK GAAP. This standard has been superseded by FRS 102.

What's on this page?

  • Full-text standard
  • Model accounts
  • Guidance and support from ICAEW
  • eBooks
  • Guides
  • Online articles
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

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Full-text standard

FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland
As issued by the Financial Reporting Council (FRC) in September 2015. This updated edition incorporates amendments issued in September 2014, February 2015, March 2015 and July 2015. Cash flow is covered in Sections 2 and 7.

More information and links to previous versions and amendments are available on our main FRS 102 page.

Model accounts

Model accounts and disclosure checklists for new UK GAAP
The ICAEW Library can provide model accounts and disclosure checklists for FRS 101, FRS 102, FRS 102 Section 1A, FRS 103 and FRS 105. The examples and checklists cover a broad range of entities, including small companies, charities, groups, LLPs and micro-companies.

ICAEW guidance and support

FRS 102: Is a statement of cash flows required if FRS 102 is adopted for 31 December 2015 year ends?
This helpsheet summarises the requirements for a statement of cash flows for companies under FRS 102 with a year ending 31 December 2015.

The new UK GAAP
ICAEW's financial reporting portal offering practical resources on the new regime, including guidance factsheets and FAQs covering key topics.

Ask ICAEW Technical Advisory Service

Get an opinion from the experts. Our experienced technical advisors can help you with your new UK GAAP questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250.

Questions we've dealt with recently include:

  • What is the 'reduced disclosure framework'?
  • When do I have to apply FRS 102 to my UK company client?
  • How does FRS 102 impact charities?

Find out more about the Technical and ethics advisory helpline, including our opening hours.

Financial Reporting Faculty

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Interpretation and application of UK GAAP for accounting periods commencing on or after 1 January 2015
Steve Collings (2015)
A detailed, practical guide to applying UK GAAP. Chapter 22 is dedicated to the statement of cash flows and covers:

  • Objective of the statement of cash flows
  • Format of the statement of cash flows
  • Dividends and interest
  • Material non-cash transactions
  • Small companies
  • Consolidated financial statements
  • Disclosure issues.

UK GAAP financial statement disclosures manual
Steve Collings (2016)
A practical manual for preparing new UK GAAP-compliant disclosures. This guide collects all of the latest guidelines into one place and is designed for practical application with many real-world examples. The chapter on statement of cash flows covers:

  • Preparing the statement of cash flows
  • Cash and cash equivalents
  • Reconciliation to the balance sheet
  • Non-cash transactions
  • Foreign currency transactions
  • Consolidated statement of cash flows
  • Specific items in the statement of cash flows
  • Illustrative statements of cash flows.

UK GAAP 2017: Application of FRS 100–104 in the UK
EY (2017)
This guide has been fully updated to reflect the application of the new accounting standard in practice. It focuses on each area of the financial statement in detail and explains how they are treated by FRS 102. The chapter on statement of cash flows covers:

  • Comparison between Section 7 and IFRS
  • Requirements of Section 7 for a statement of cash flows
  • Practical implementation issues
  • Summary of GAAP differences.


Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

Fact Sheet 3 – FRS 102: Illustrative Statement of Cash Flows
FRC, December 2018
FRC staff factsheet illustrating the format of the statement of cash flows prepared in accordance with Section 7 Statement of Cash Flows, with examples. It looks at exemptions from presenting a cash flow statement, reporting cash flows from operating activities, and disclosures.

Staff Education Note 1: Cash flow statements
FRC, December 2013
FRC guidance note comparing the cash flow statement under FRS 1 and FRS 102.

Staff Education Note 14: Credit unions – Illustrative financial statements
FRC, December 2013
FRC guidance note covering cash flow statements for credit unions under FRS 102.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles from other sources

GAAP vs FRS 102: Cash flow statement
ACCA, March 2015
A look at the cash flow statement when transitioning to FRS 102, covering the accounting treatment under FRS 1, accounting treatment under FRS 102, transition, and the reporting and commercial impact of changes.

FRS 102 case study: Cashflow and loans
CCH Daily, February 2015
This article considers cashflow and loan issues under the new UK GAAP accounting rules, highlighting potential pitfalls and key differences from the old UK GAAP system. Using the example of a fictional small manufacturing company, the author examines issues with cashflow statement, foreign currency transactions and balances, and shareholder loans. Available online to Accountancy Daily subscribers or in print from the Library.

FRS 102: The statement of cash flows
AccountingWEB, April 2013
Article by Stephen Collings on Section 7 of FRS 102, with worked examples of cash flow statements. It examines the classification of cash flows, cash equivalents, presentation of cash and cash equivalents, and dividends and interest.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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