Nonarticulation in Cash Flow Statements and Implications for Education, Research and Practice

It's Time to Get Rid of LIFO Conformity - Both LIFO and the conformity rule are seriously flawed. LIFO doesn't give a complete description of operating results, and the conformity rule forces managers to shortchange stockholders in either the financial statements or the tax return instead of serving them well in both. It's time to get Congress and the profession to focus on other methods.

Bahnson, Paul R., (2004)

Features - Fast Track to Direct Cash How Reporting - Direct cash flow reporting is considered superior to the indirect method and valued by investors. So why aren't more companies reporting financials this way? It may be because it is considered more expensive and time-consuming. An efficient method is described here.

Miller, Paul B.W., (2002)

FOUR STEPS TO USEFUL PRESENT VALUES - Present value measurement techniques generally are misunderstood by CPAs and suffer some material defects. The FASB should attempt to remedy the problems and avoid creating new ones.

Miller, Paul B.W., (1996)