Essay: Changes in Current Statement of Cash Flows

Sample Essay

The statement of cash flow included in the interim financial results for six months ended June 30, 2009 of Anglo American plc has been prepared in accordance with FASB 95.

This statement shows a significant change from the statement of cash flows provided in the case as it discloses information in the manner required by FASB and the statement has been prepared by dividing the disclosed information into three sections of cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. There is no need for comparison of this statement to the example statements provided in FASB 95 as the current statement of Anglo American plc follows the same format as required by FASB 95 and US GAAP (Anglo American plc, 2009).

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