New FAQ on How should the cash movement in consumer deposits be presented in the cash flow statement?
- February 23, 2022
- Posted by: Julianne Vissie
- Category: Blog
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Consumer deposits are associated with the provision of goods and services and therefore relate to an entity’s revenue-producing activities. As a result, cash movements in consumer deposits are reflected as a change in working capital, as part of operating activities, in the cash flow statement.
Access FAQ 3.18 here: FAQs.