# ASC 230-830-45: Statement of Cash Flows — Foreign Currency Matters — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 230-830-45: 45 Other Presentation Matters

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##### [230-830-45-1](https://asc.understandingaccounting.org/asc/230/830/#230-830-45-1)

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A statement of cash flows of an entity with [foreign currency transactions](https://asc.understandingaccounting.org/glossary/f/#foreign-currency-transactions "Transactions whose terms are denominated in a currency other than the entity's functional currency. Foreign currency transactions arise when a reporting entity does any of the following: Buys or sells on credit goods or services whose prices are denominated in foreign currency Borrows or lends funds and the amounts payable or receivable are denominated in foreign currency Is a party to an unperformed forward exchange contract For other reasons, acquires or disposes of assets, or incurs or settles liabilities denominated in foreign currency.") or foreign operations shall report the [reporting currency](https://asc.understandingaccounting.org/glossary/r/#reporting-currency "The currency in which a reporting entity prepares its financial statements.") equivalent of [foreign currency](https://asc.understandingaccounting.org/glossary/f/#foreign-currency "A currency other than the functional currency of the entity being referred to (for example, the dollar could be a foreign currency for a foreign entity). Composites of currencies, such as the Special Drawing Rights, used to set prices or denominate amounts of loans, and so forth, have the characteristics of foreign currency.") cash flows using the exchange rates in effect at the time of the cash flows. An appropriately weighted average [exchange rate](https://asc.understandingaccounting.org/glossary/e/#exchange-rate "The ratio between a unit of one currency and the amount of another currency for which that unit can be exchanged at a particular time.") for the period may be used for [translation](https://asc.understandingaccounting.org/glossary/t/#translation "See Foreign Currency Translation.") if the result is substantially the same as if the rates at the dates of the cash flows were used. (That is, paragraph [830-30-45-3](https://asc.understandingaccounting.org/asc/830/30/#830-30-45-3) applies to cash receipts and cash payments.) The statement of cash flows shall report the effect of exchange rate changes on cash, [cash equivalents](https://asc.understandingaccounting.org/glossary/c/#cash-equivalents "Cash equivalents are short-term, highly liquid investments that have both of the following characteristics: Readily convertible to known amounts of cash So near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month U.S. Treasury bill and a three-year U.S. Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Examples of items commonly considered to be cash equivalents are Treasury bills, commercial paper, money market funds, and federal funds sold (for an entity with banking operations)."), and amounts generally described as restricted cash or restricted cash equivalents held in foreign currencies as a separate part of the reconciliation of the change in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents during the period. See Example 1 (paragraph [830-230-55-1](https://asc.understandingaccounting.org/asc/230/830/#230-830-55-1)) for an illustration of this guidance.