Accounting Board Debates Next Steps for Cash Flow Rules Research

US accounting standard-setters disagreed Thursday on how a key corporate financial document should be tweaked to better reflect businesses’ cash flows as investors vie for more details to fuel their analyses.

Financial Accounting Standards Board members had differing feedback for their staff on how to proceed with research on the statement of cash flows, which tracks how cash moves in and out of a business over a given period. While some board members pushed for research on replacing the statement for financial institutions like banks, others stressed a more holistic project covering a variety of industries would be preferable. ...