Although companies should always report accurate information in their financial statements, this does not always happen, and sometimes the error is not caught until ...
A cash flow statement is used to itemize a company's cash inflows and outflows from operating, investing and financing activities. It explains why the company's cash balance increased or decreased ...
Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...