Classes of Cash Flows that should be presented in SCF in operating activities (direct method)
Entities using the direct method are required by IAS 7 to report the following major classes of gross cash receipts and gross cash payments:
1. Cash collected from customers
2. Interest and dividends received
3. Cash paid to employees and other suppliers
4. Interest paid
5. Income taxes paid
6. Other operating cash receipts and payments
1. Cash collected from customers
2. Interest and dividends received
3. Cash paid to employees and other suppliers
4. Interest paid
5. Income taxes paid
6. Other operating cash receipts and payments