The Cash Flow Statement Under IAS/IFRS

Many jurisdictions have obliged the disclosure of a Cash Flow Statement as a separate quantitative report of the financial statements (Akbar et al. 2011). In the USA in 1973, the Financial Accounting Standards Board (FASB) specified rules that made it mandatory under Generally Accepted Accounting Principles (US GAAP) to disclose sources and uses of funds, but the definition of “funds” was not clear.