Sunday, November 18, 2007

The Sums of All Parts: Redesigning Financials - Accounting - CFO.com

Look for changes in financial statements soon:

The Sums of All Parts: Redesigning Financials - Accounting - CFO.com:
" ...another large step towards the most dramatic overhaul of financial
statements in decades, the Financial Accounting Standards Board Wednesday laid
out a series of subtotal figures that companies would be required to include on
their balance sheets, income statements and cash flow statements. The new look
for financials will break all three statements into five general categories:
business, discontinued operations, financing, income taxes, and equity (if
needed). "

No comments: