(a) List the nine headings in the cash flow statement, as required by FRS 1.

Data from FRS 1

Cash flows relating to items classed as exceptional or extraordinary in the profit and loss account should be shown under the appropriate standard headings, according to their nature. They should be identified in the cash flow statement or a note to it and the relationship between the cash flows and the originating exceptional or extraordinary item should be explained. Where the cash flows themselves are exceptional because of their size or incidence but the underlying event that gave rise to them is not, sufficient disclosure should be given to explain their cause and effect.

(b) List the three headings in the cash flow statement, as required by IAS 7.

Data from IAS 7

IAS 7 seeks similar information to that required by FRS 1, but its requirements are considerably less detailed. In place of nine cash flow category headings, IAS 7 has only three:

1. Operating activities;

2. Investing activities; and

3. Financing activities.