This episode’s topic is an oldie but a goodie: Best practices surrounding FAS 95 – Statement of Cash Flows.
HIGHLIGHTS
- Brief introduction of when FAS 95 came out and what it replaced
- Direct versus indirect method
- The three main sections are and what is commonly included in each one
- Supplementary information
- Restricted cash
- Common errors and issues
- “Big R” and “little r”
PREREQUISITES
None
ADVANCE PREPARATION
None