FRS 1 Cash Flow Statements
Issued September 1991. Revised October 1996. Effective for accounting periods ending on or after 23 March 1997.
FRS 1 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:
Synopsis
FRS 1 requires an entity to provide a cash flow statement for an accounting period, which analyses changes in cash during the period.
The cash flows are analysed into the following headings:
- Operating activities
- Returns on investment and servicing of finance
- Taxation
- Capital expenditure and financial investment
- Acquisitions and disposals
- Equity dividends paid
- Management of liquid resources
- Financing
Cash flows from operating activities may be reported using either the direct or indirect method
Last updated 21 June 2015