Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Will Revamped Financial Statement Benefit Valuation?

Colleen Cunningham | February 24, 2009

The International Accounting Standards Board and the U.S. Financial Accounting Standards Board recently published a discussion paper for public comment on financial statement presentation. The paper presents the boards’ initial thinking on a possible future format.

Comments on the paper are due to the boards by April 14, 2009. What’s to comment on? The boards have identified three objectives for financial statement presentation:

  • Cohesiveness, to ensure that a reader of financial statements can follow the flow of information through the different statements a company produces.

  • Disaggregation, to ensure that items that respond differently to economic events are shown separately.

  • Ability to assess liquidity and cash flow, by reporting information that helps users assess the ability to meet financial commitments and financial flexibility.

    Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.