... flows.
1-1 1
Cash Versus Accrual Accounting
Cash Basis Accounting
1-1 2
Cash Versus Accrual Accounting
Cash flows in any one year may not be a
predictor of future cash flows.
Cash Basis Accounting
1-1 3
Cash ... information.
Cash Versus Accrual Accounting
1-1 5
Learning Objectives
Define generally accepted accounting
principles (GAAP) and discuss the historical
developm...
... stilldisclose
the pro-forma net income and pro-forma earnings per share (if presented), as if the fair
value method had been used to account for the stock-based compensation cost. Illus-
tration 1 7-5 illustrates ... Share Re-
porting: Time for an Overhaul?’’ Accounting Horizons (September, 1989), pp. 2 1-2 7 which rec-
ommends an expanded disclosure format but elimination of many of th...