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This Subtopic addresses statements of cash flows for investment companies, as well as the circumstances under which an investment company would be exempt from the presentation of statements of cash flows.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 946-10-15.
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Paragraph 230-10-15-4 specifies conditions under which an investment company is exempt from the requirements to provide a statement of cash flows.
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Examples of noncash investing and financing activities of investment companies that paragraphs
230-10-50-3 through 50-4
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It also identifies noncash investing and financing activities peculiar to investment companies — notably reinvested dividends and distributions — that must be disclosed.","key_points":["The subtopic governs statements of cash flows for investment companies and the circumstances in which such an entity is exempt from presenting one (230-946-05-1).","Scope follows the investment company scope in Section 946-10-15 (230-946-15-1).","The conditions for exemption from providing a statement of cash flows are set out in paragraph 230-10-15-4, not in this subtopic itself (230-946-45-1).","Reinvestments of dividends and distributions are examples of noncash investing and financing activities that must be disclosed under paragraphs 230-10-50-3 through 50-4 (230-946-55-1)."],"categories":["Presentation","Cash flows","Industry-specific","Disclosure"],"audience_level":"intermediate","student_note":"Investment companies are one of the few entities that can skip the statement of cash flows, but only if every condition in 230-10-15-4 is met — students often assume the exemption is automatic for any fund, when it is conditional and must be tested each period. 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