This is the second time in a week I’ve heard about this, and it’s international in scope.
According to author Glenn Cheney: “From Boston to Beijing, the accounting profession may soon have a new type of financial statement – one without net profit at the bottom line, with finance information separated from operations, tax information off to the side and cash flow reported separately.”
Read the whole article at the WebCPA site.
New FRx reports required? Perhaps.
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