When accounting and economics collide … watch out! A case in point deals with the use of interest rate swaps by bank asset/liability managers. Interest rate swaps are primarily used to transform ...

FASB issued a proposal Friday that is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. All entities ...

Concerns over divergent practices for reporting on the statement of cash flows led to FASB’s issuance Friday of a new standard for presenting and classifying certain cash payments and cash receipts.

A proposal to change the presentation of financial information for not-for-profit entities, especially cash-flow classifications, could be a preview of what public companies might face down the line.

Accounting-standard setters have ruled that certain financial contracts known as derivatives must be reflected as a financing activity in a company's cash-flow statement, in an attempt to crack down ...