# ASC 230-978-05: Statement of Cash Flows — Real Estate—Time-Sharing Activities — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 230-978-05: 05 Overview and Background

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##### [230-978-05-1](https://asc.understandingaccounting.org/asc/230/978/#230-978-05-1)

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This Subtopic addresses cash flow presentation matters for real estate [time-sharing](https://asc.understandingaccounting.org/glossary/t/#time-sharing "An arrangement in which a seller sells or conveys the right to occupy a dwelling unit for specified periods in the future. Forms of time-sharing arrangements include but are not limited to fixed and floating time, interval ownership, undivided interests, points programs, vacation clubs, right-to-use arrangements such as tenancy-for-years arrangements, and arrangements involving special-purpose entities. In this context, an undivided interest is a time-sharing arrangement that involves a tenant-in-common interest in a condominium unit or entire improved property, and in which the interest holder is assigned a specific period (generally, a specific week). The interest holder is also assigned a specific unit if the undivided interest is in the entire improved property.") transactions.