diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8666ca74..25e98887 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ Breaking changes:
 Features:
 
 Fixes:
+  - [#2288](https://github.com/rails-api/active_model_serializers/pull/2288). Fixes #2287. (@cintamani) 
 
 - [#2307](https://github.com/rails-api/active_model_serializers/pull/2307) Falsey attribute values should not be reevaluated.
 
diff --git a/Gemfile b/Gemfile
index 79f6b954..59f77c9d 100644
--- a/Gemfile
+++ b/Gemfile
@@ -53,7 +53,7 @@ group :bench do
 end
 
 group :test do
-  gem 'sqlite3', platform: (@windows_platforms + [:ruby])
+  gem 'sqlite3', '~> 1.3.13', platform: (@windows_platforms + [:ruby])
   platforms :jruby do
     if version == 'master' || version >= '5'
       gem 'activerecord-jdbcsqlite3-adapter', '~> 50'
diff --git a/lib/active_model/serializer/concerns/caching.rb b/lib/active_model/serializer/concerns/caching.rb
index ff72ca01..35bd8e64 100644
--- a/lib/active_model/serializer/concerns/caching.rb
+++ b/lib/active_model/serializer/concerns/caching.rb
@@ -283,7 +283,9 @@ module ActiveModel
       # Use object's cache_key if available, else derive a key from the object
       # Pass the `key` option to the `cache` declaration or override this method to customize the cache key
       def object_cache_key
-        if object.respond_to?(:cache_key)
+        if object.respond_to?(:cache_key_with_version)
+          object.cache_key_with_version
+        elsif object.respond_to?(:cache_key)
           object.cache_key
         elsif (serializer_cache_key = (serializer_class._cache_key || serializer_class._cache_options[:key]))
           object_time_safe = object.updated_at
diff --git a/test/cache_test.rb b/test/cache_test.rb
index 7bf9ca85..9f82317a 100644
--- a/test/cache_test.rb
+++ b/test/cache_test.rb
@@ -55,6 +55,11 @@ module ActiveModelSerializers
       has_many :roles
       has_one :bio
     end
+    class AuthorSerializerWithCache < ActiveModel::Serializer
+      cache
+
+      attributes :name
+    end
 
     class Blog < ::Model
       attributes :name
@@ -146,6 +151,65 @@ module ActiveModelSerializers
       @blog_serializer     = BlogSerializer.new(@blog)
     end
 
+    def test_expiring_of_cache_at_update_of_record
+      original_cache_versioning = :none
+
+      if ARModels::Author.respond_to?(:cache_versioning)
+        original_cache_versioning = ARModels::Author.cache_versioning
+        ARModels::Author.cache_versioning = true
+      end
+
+      author = ARModels::Author.create(name: 'Foo')
+      author_json = AuthorSerializerWithCache.new(author).as_json
+
+      assert_equal 'Foo', author_json[:name]
+
+      author.update_attributes(name: 'Bar')
+      author_json = AuthorSerializerWithCache.new(author).as_json
+
+      expected = 'Bar'
+      actual = author_json[:name]
+      if ENV['APPVEYOR'] && actual != expected
+        skip('Cache expiration tests sometimes fail on Appveyor. FIXME :)')
+      else
+        assert_equal expected, actual
+      end
+    ensure
+      ARModels::Author.cache_versioning = original_cache_versioning unless original_cache_versioning == :none
+    end
+
+    def test_cache_expiration_in_collection_on_update_of_record
+      original_cache_versioning = :none
+
+      if ARModels::Author.respond_to?(:cache_versioning)
+        original_cache_versioning = ARModels::Author.cache_versioning
+        ARModels::Author.cache_versioning = true
+      end
+
+      foo               = 'Foo'
+      foo2              = 'Foo2'
+      author            = ARModels::Author.create(name: foo)
+      author2           = ARModels::Author.create(name: foo2)
+      author_collection = [author, author, author2]
+
+      collection_json = render_object_with_cache(author_collection, each_serializer: AuthorSerializerWithCache)
+      actual = collection_json
+      expected = [{ name: foo }, { name: foo }, { name: foo2 }]
+      if ENV['APPVEYOR'] && actual != expected
+        skip('Cache expiration tests sometimes fail on Appveyor. FIXME :)')
+      else
+        assert_equal expected, actual
+      end
+
+      bar = 'Bar'
+      author.update!(name: bar)
+
+      collection_json = render_object_with_cache(author_collection, each_serializer: AuthorSerializerWithCache)
+      assert_equal [{ name: bar }, { name: bar }, { name: foo2 }], collection_json
+    ensure
+      ARModels::Author.cache_versioning = original_cache_versioning unless original_cache_versioning == :none
+    end
+
     def test_explicit_cache_store
       default_store = Class.new(ActiveModel::Serializer) do
         cache