The cash receipts and payments are presented in the FASB statement of cash flows whereas the increase and decrease in cash and cash equivalents is disclosed in UK GAAP statement of cash flows. Furthermore, the income taxes paid, interest received and paid is separated from cash flow from operating activities whereas in FASB statement of cash flows these receipts and payments are included in the cash flow from operations.
The UK GAAP statement provides capital expenditures and financial investments and acquisitions and disposals of interest in associates and subsidiaries as separate sections whereas these items are included in the cash flow from investing activities in the FASB statement. The statement prepared under UK GAAP can be reconciled to match the requirements of FASB by changing the presentation style and overall format of the statement by including some left out items and rearranging the disclosure of others.
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