Statements of Cash Flow Name Institution Statements of Cash Flow In 2001 the global accounting board popularly known as the International Accounting Standard Board (IASB) and the Financial Accounting Standards Board (FASB) included in their topics of studies Reporting Financial Performance after which they carried out a comprehensive independent investigation regarding on the best way to treat various classes of cash flows in an organization. In 2004 the two bodies came together and conducted a joint research on the same matter to promote globally accepted accounting standards. The joint investigating team was composed of members from FASB IAB and ASBJ (Accounting Standard Board of Japan) utilizing the available resources jointly. In the agreement to carry out this research together there was unanimous agreement among the three boards to freshly look into the matter regarding the disclosure of information on the financial statements of an entity. The scope of the the new FASB requirements. Hoboken N.J: John Wiley & Sons. Litan R. E. & Wallison P. J. (2000). The GAAP gap: Corporate disclosure in the internet age. Washington DC: AEI Press. Masoom K. (2013). The entrepreneurs' dictionary of business and financial terms. Singapore: Trafford. Shamrock S. E. (2012). IFRS and US GAAP: A comprehensive comparison. Hoboken N.J: John Siegel J. G. & Shim J. K. (2000). Accounting handbook. Hauppauge N.Y: Barron's. United Nations. European Commission. International Monetary Fund. Organisation for Economic Co-operation and Development. & World Bank. (2009). System of national accounts 2008. New York: United Nations. Warren C. S. Reeve J. M. & Duchac J. (2009). Financial and managerial accounting. Mason Ohio: South-Western Cengage Learning. Whittington R. & Delaney P. R. (2012). Wiley CPA exam review 2012. Hoboken NJ: John Wiley & Sons. Wiley.Bottom of Form Bottom of Form Bottom of Form Bottom of Form Bottom of Form [...]
The length if the paper will be between 2000 to 2500 words plus Exhibits. The topic for this project may relate to any practical, conceptual, or regulatory issue pertaining to (Contemporary Accounting Issues. For example, a paper commenting on an exposure draft or a position paper issued by one of the accounting standards authorities of any country. Regardless of the topic chosen, it is expected to take a position on some topic, to research the topic in the literature, and to support the position adopted on the basis of that research. And I choose the topic as “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”. Please see the attached file from FASB. With the Harvard referencing style.