Yea - its probably going to be the most important statement for investing in many emerging market stocks... If I recall back in the late 1990s when I was in university, there was a rule change or something and this was a fairly new statement or requirement for something?
I'm American 😀 "In 1992, the International Accounting Standards Board (IASB) issued International Accounting Standard 7 (IAS 7), Cash Flow Statement, which became effective in 1994, mandating that firms provide cash flow statements." Must have been that... They were also changing CPA credit requirements to 150 or something in the late 1990s plus students from NY planning to go back there had to learn some specific stuff
I also did ended up doing an MBA in Australia - Ironically, my accounting professor there was American too. Maybe if you haven't already, do a series on the differences between British and American accounting... Sri Lanka gets British style accounting outsourcing while the PH gets American style...
There was also something with Australian accounting - maybe accounting for superannuation... Been so long...
And I was afraid that this article might be a bit too complex. 😀Was this article written in an understandable manner?
Yea - its probably going to be the most important statement for investing in many emerging market stocks... If I recall back in the late 1990s when I was in university, there was a rule change or something and this was a fairly new statement or requirement for something?
It depends under which accounting standards the company falls so it might be that there was a big change in the late 1990s in the country you live in.
I agree with you that the CF Statement is the most important financial statement. :)
I'm American 😀 "In 1992, the International Accounting Standards Board (IASB) issued International Accounting Standard 7 (IAS 7), Cash Flow Statement, which became effective in 1994, mandating that firms provide cash flow statements." Must have been that... They were also changing CPA credit requirements to 150 or something in the late 1990s plus students from NY planning to go back there had to learn some specific stuff
I also did ended up doing an MBA in Australia - Ironically, my accounting professor there was American too. Maybe if you haven't already, do a series on the differences between British and American accounting... Sri Lanka gets British style accounting outsourcing while the PH gets American style...
There was also something with Australian accounting - maybe accounting for superannuation... Been so long...