![]() The Board felt the direct method-already used to present cash flows from investing and financing activities-would improve the usefulness of the SoCF by providing more meaningful information to users of NFP financial statements. At its October 23, meeting, the Financial Accounting Standards Board (FASB) tentatively decided to require not-for-profit (NFP) entities to use the direct method to present cash flows from operating activities in the Statement of Cash Flows (SoCF).
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