Under its current format, the statement of cash flows reports changes during an accounting period in cash and equivalents from operating, investing, or financing activities. The new proposed format will have the same sections and categories as the statement of financial position and the statement of financial position and the statement of comprehensive income. That is, an entity will present the statement of cash flows by providing a section titled “Business” with the categories “Operating” and “Investing” followed by sections titled “Financing” “Income Taxes” “Discontinued Operations” and “Equity”