short term borrowing

short term borrowing affects CFO or CFF? From Notes Vol 3, p 19, “short term liability is operating activity”. However, in the chapter of Cash flow statement, there is no clues.

I think the idea behind is ST borrowings are used to finance your operating activity like working capital but it’s still a source of financing so go through CFF in the CF statement. Plus if you take any published CFS, you will see that it has both ST and LT CFF.

Many thanks!