#cfa-level-1 #reading-23-financial-reporting-mechanics
Operating activities are those activities that are part of the day-to-day business functioning of an entity. Examples include the sale of meals by a restaurant, the sale of services by a consulting firm, the manufacture and sale of ovens by an oven-manufacturing company, and taking deposits and making loans by a bank.
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2. THE CLASSIFICATION OF BUSINESS ACTIVITIESw business activities are classified for financial reporting purposes.
Business activities may be classified into three groups for financial reporting purposes: operating, investing, and financing activities.
<span>Operating activities are those activities that are part of the day-to-day business functioning of an entity. Examples include the sale of meals by a restaurant, the sale of services by a consulting firm, the manufacture and sale of ovens by an oven-manufacturing company, and taking deposits and making loans by a bank.
Investing activities are those activities associated with acquisition and disposal of long-term assets. Examples include the purchase of equipment or sale of surplus eq Summary
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