Restatments likely due to proposed pension reporting change
April 7, 2006
FASB: Put Pension Status on the Balance Sheet | www.cfo.com
Summary: The Financial Accounting Standards Board proposed Friday that companies should put the amounts that their retiree-benefit plans are under funded or over funded on their balance sheets. The proposal might make financial statements more transparent by reflecting amounts only previously disclosed in the footnotes.
The SEC's Ongoing Battle Over Cash Flow Manipulations!
April 7, 2006
Closer Look at Blockbuster's Results | online.wsj.com
Given the emphasis placed on cash flow provided by (used in) by operating activities, and certain measures derived there from (e.g., free cash flow, etc.), by the Street, the recent Blockbuster case further evidences the need for stock analysts to truly appreciate the geographical distinctions between operating, investing and financing activities within a statement of cash flows prepared under US GAAP (SFAS No. 95). Appreciating such distinctions is particularly critical when performing comparative analysis among industry peers.
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