ช่วยแปลภาษาอังกฤษหน่อยครับบบ
The John Hones Company has prepared its Statement of Cash Flows using the Indirect Method for the operations section. As the company auditor, you are concerned that the company has aggregated all the changes in the operations related current assets and liabilities into one net number that it uses to adjust net income. Other companies you have audited have always shown individual adjustments to net income for each class of account (e.g., A/R, A/P, etc). The company controller indicates she would prefer to show just the net adjustment unless GAAP would appear to require individual adjustments. Your senior on the audit requests that you research the financial reporting requirements so that the audit team can make a determination on whether the use of just a net adjustment to net income is acceptable.
ช่วยแปลภาษาอังกฤษหน่อยครับบบ
The John Hones Company has prepared its Statement of Cash Flows using the Indirect Method for the operations section. As the company auditor, you are concerned that the company has aggregated all the changes in the operations related current assets and liabilities into one net number that it uses to adjust net income. Other companies you have audited have always shown individual adjustments to net income for each class of account (e.g., A/R, A/P, etc). The company controller indicates she would prefer to show just the net adjustment unless GAAP would appear to require individual adjustments. Your senior on the audit requests that you research the financial reporting requirements so that the audit team can make a determination on whether the use of just a net adjustment to net income is acceptable.