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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.

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