Board Addresses Cash Flow Issues for which GAAP Currently Offers no Guidance
As part of its ongoing review of emerging issues, the Financial Accounting Standards Board (FASB) issued a new update that seeks to narrow variations in how cash receipts and payments are presented and classified in cash flow statements.

Under Accounting Standards Update 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, the FASB addresses eight specific cash flow issues in which current GAAP (Generally Accepted...

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