The statement of cash flows reflects the just that, the inflow and outflow of cash within a company through the period. This financial report is broken down into three categories; operating, investing and financing. These reflect a broad overview into how an organization can produce cash using existing assets. One of the more significant differences I found between an organization that reports under IFRS as oppose to U.S. GAAP is the latitude given when reporting interest paid/received and dividends paid/received. Under U.S. GAAP, these four items are required to be reported under a particular category i.e. Interest paid, Interest received, Dividends received are found under operating activities and Dividends paid would be found in the financing section. Under the liberties of IFRS, those same four items can be found under the same categories or as follows: Interest paid, dividends paid under financing activities and Interest received, Dividends received under investing activities. When looking at the statements below it becomes clear. Walmart uses U.S. GAAP as its standard and therefore when looking for these mentioned items they are not listed (since it is implied, they belong to certain sections already) even though you will find them in the CFS for Unilever and Samsung. In the CFS for these two IFRS reporting companies you can see a slight difference and that is in the method in which they report the line items listed previously. Under Samsung, they list three of the four under operating activities and the last under financing while Unilever chose to split, two in operating section and the last two in investing section.

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