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FRS 102: Statement of cash flows under UK GAAP

FRS 102 Section 7 Statement of Cash Flows sets out how information about the changes in cash and cash equivalents of an entity should be presented for operating, investing and financing activities.

The standard

The requirements regarding cash flow statements are set out as part of FRS 102. However, individual sections of the standard should not be looked at in isolation as other parts may be relevant.

FRS 102 is regularly updated and amended by the Financial Reporting Council (FRC). For the full text of FRS 102, guidance on which version of the standard to apply and notes on recent amendments, see our main FRS 102 page.

ICAEW guides and support

Helpsheets and factsheets

Does a charity need a cash flow statement?

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Technical helpsheet to help members understand when a charity requires a Statement of Cash Flows (often referred to as a cash flow or a cash flow statement).

Bloomsbury Accounting and Tax Service

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Statement of cash flows

Chapter providing practical guidance for unlisted companies on preparing a statement of cash flows under FRS 102, section 7. This detailed guide by Steve Collings has been comprehensively updated to reflect all changes made to UK and Ireland accounting standards up to November 2022.

Statements of cash flow

A chapter on cash flow statements under FRS 102, in this accessible introduction to the accounting rules relevant to tax computations in the UK. Includes sections on FRS 102, Section 7 'Statement of cash flows' and the taxation consequences. Written for tax practitioners who wish to gain a better understanding of accounting rules in the UK.

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Statement of cash flows

Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 7 and IFRS, explains the requirements of Section 7, and highlights practical implementation issues.

Statement of cash flows

A practical manual for preparing new UK GAAP-compliant disclosures. This chapter discusses preparing cash flow statements, cash and cash equivalents, reconciliation to the balance sheet, non-cash transactions, foreign currency transactions, consolidated statement of cash flows, and specific items.

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Example accounts

Model accounts and disclosure checklists for 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.

External resources

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. 

Further reading

Manuals and handbooks

The ICAEW Library stocks the latest UK GAAP handbooks and manuals. You can browse all our books on FRS 102 and cash flow statements or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

GAAP 2019: UK reporting – FRS 102 (Volume B)
Deloitte, Croner-i, 2019
Comprehensive manual explaining how to apply FRS 102, with worked examples and extensive interpretation and guidance. The chapter on statement of cash flows covers reporting cash flows from operating activities, investing and financing activities, and on a net basis. It also looks at foreign currency cash flows, interest and dividends, analysis and reconciliation of net debt, and changes in ownership interests in subsidiaries.

Manual of accounting: UK GAAP
PwC, Lexis Nexis, 2019
Practical guide with worked examples throughout, dealing with day-to-day issues as well as complex questions. The chapter on statement of cash flows explains the classification of cash flows by standard headings, consolidated cash flow statements, foreign currency, and disclosure.  

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