search query: @indexterm CASH FLOW / total: 488
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| Author: | Wallace, R. S. O. Choudhury, M. S. I. Pendlebury, M. |
| Title: | Cash flow statements: An international comparison of regulatory positions |
| Journal: | International Journal of Accounting
1997 : VOL. 32:1, p. 1-22 |
| Index terms: | CASH FLOW COUNTRY COMPARISONS ACCOUNTING STANDARDS INTERNATIONAL DIVERSITY |
| Language: | eng |
| Abstract: | This astudy compares the standard documents on cash flow statements (CFSs) from five nations and the IASC. The results indicate that cash and cash equivalents may not be the objective constructs that the cash flow enthusiasts suggest they would be. The standard-setting positions on CFSs around the world have confounded theory, in this respect. The IASC and the national authorities in the five countries are agreed on such things as the definition of cash and cash equivalents, how to classify cash receipts and payments of interest and dividends. They do not also agree on the manner of presentation and determination of net cash flow from operating activities. With some exceptions, managerial discretion is allowed in the choice of presentation format. Comparability of CFSs within and across the countries and industries would be difficult to attain. |
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