Are Direct Cash Flow Disclosures Informative? A Revisit

• Main Authors: Orpurt, Steven Francis, ZANG, Yoonseok
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/188
• Institution: Singapore Management University

We revisit the incremental usefulness of direct method cash flow disclosures. Prior empirical studies of U.S. firms advocate the direct method, but none fully considered all available indirect method cash flow information, warranting further study. Recent FASB, IASB and particularly CFA Institute co...