# ASC 230-942-05: Statement of Cash Flows — Financial Services—Depository and Lending — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 230-942-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/230/942/#05-overview-and-background)

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##### [230-942-05-1](https://asc.understandingaccounting.org/asc/230/942/#230-942-05-1)

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This Subtopic addresses the reporting of cash receipts and payments by financial institutions in the cash flow statement. It provides an illustration of the statement of cash flows under the direct method for a financial institution.