ACC 557 Week 9 Discussion
Question – Strayer New
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Week 9 Discussion
"Cash Flow Reporting"
Please respond to the following:
• Use the Internet or the Strayer
Library to research the difference in the cash flow reporting requirements
between US GAAP and IFRS. Given the complexities related to preparing and
interpreting the statement of cash flow, evaluate the current requirement under
GAAP and IFRS, indicating improvements that you would make to each method’s
requirement to better serve the users of the information. Provide a rationale
for your changes.
• Analyze the impact of erroneous
classifications in the Operating Activities section of the statement of cash
flows, detailing how the distortion can impact the decisions made by financial
statement users. Suggest how these errors may be minimized.
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