Title

Statement of Financial Accounting Standards No. 95, Statement of Cash Flows

Date of Award

1988

Document Type

Thesis

Degree Name

Master of Science in Accounting

Department

Accounting

First Advisor

Michael Rolleri

LCSH

Cash flow--United States, Accounting--Standards--United States

Call No. at the Univ. of New Haven Library

AS 36 .N29 Acc. 1988 no. 1

Abstract

The importance of cash flow statement information has been increasingly recognized, but the diversity of formats and lack of clear objectives for the statement of changes in financial position have kept the statement from serving as a valuable source of information for creditors and investors.

FASB Statement No. 95, Statement of Cash Flows, was issued to address these problems. The recommendations, which will become effective July 15, 1988, set specific guidelines for reporting cash flows. The newly required statement of cash flows will establish a common basis for evaluating the reporting entity's results for the period and offer objective and comparable results on which to judge the viability of the reporting entity.

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