In October 2008, the IASB published a Discussion Paper entitled "Preliminary Views on Financial Statement Presentation" (see www.iasb.org). Since then, there have been various meetings to discuss the comments received and proposed changes. This discussion paper made various proposals about changes to the statement of cash flows.
Instructions
Locate and read the Discussion Paper entitled "Preliminary Views on Financial Statement Presentation" and any Financial Statement Presentation project summaries and updates on the IASB website that relate to the statement of cash flows. Write a short report that you can present to your class on the decisions that have been made to date on this project that will affect the statement of cash flows and why. Describe how the statement will be different from what is now reported and any reconciliations that are proposed.