Banking Standards Review Council and Cash and cash equivalents: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Create the page. Source: Banking Standards Review report - http://www.bankingstandardsreview.org.uk/assets/docs/may2014report.pdf) |
imported>Doug Williamson (Update link.) |
||
| Line 1: | Line 1: | ||
''Financial reporting - balance sheet - assets.'' | |||
(CCE). | |||
For financial reporting purposes, cash equivalents are: | |||
*Short-term, highly liquid investments that are | |||
*Readily convertible to known amounts of cash and | |||
*Which are subject to an insignificant risk of changes in value. | |||
Examples of cash equivalents for financial reporting purposes include money market instruments, treasury bills, short-term government bonds, marketable securities and commercial paper. | |||
Cash and cash equivalents are normally reported as a single aggregated figure in the primary statement of financial position. | |||
==See also== | |||
* [[Assets]] | |||
* [[Balance sheet]] | |||
*[[Cash]] | |||
*[[Cash equivalents]] | |||
*[[Cash flow statement]] | |||
*[[Liquidity]] | |||
*[[Money]] | |||
*[[Statement of financial position]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Cash_management]] | ||
Revision as of 13:08, 10 August 2021
Financial reporting - balance sheet - assets.
(CCE).
For financial reporting purposes, cash equivalents are:
- Short-term, highly liquid investments that are
- Readily convertible to known amounts of cash and
- Which are subject to an insignificant risk of changes in value.
Examples of cash equivalents for financial reporting purposes include money market instruments, treasury bills, short-term government bonds, marketable securities and commercial paper.
Cash and cash equivalents are normally reported as a single aggregated figure in the primary statement of financial position.
