Formation of the report on cash flows under IFRS compared with RAS

The cash flow statement is the main source of information when analyzing the cash flows of an enterprise. The procedure for generating a cash flow statement in Russia is regulated by Russian Accounting Standards (RAS), and internationally, it is regulated by IAS 7 'Cash Flow Statement’. In this regard, the question arises whether the differences between these standards are significant in the order in which the cash flow statement is generated. To answer this question, this article has conducted a comparative analysis between IFRS and RAS under the procedure for generating a cash flow statement.