Reporting corporate cash flows

Article Abstract:

Companies are required by Statement of Financial Accounting Standards (FAS) 95 to provide, as part of their financial statements, a statement of cash flows. FAS 95 offers general guidelines but little detailed instruction, resulting in different presentation formats based on differing interpretations of the standard being used. The statement of cash flows is intended to help financial statement users analyze the company's liquidity and future cash flows by focusing on changes in the company's cash during the reporting period. FAS 95 stipulates that noncash flows are excluded from cash flow statements, but are presented in supplemental schedule or footnotes. FAS 95 has been amended by FAS 102 to permit net reporting for entities reporting under indirect methods by classifying sales and purchases of securities and assets held in trading accounts as operating activities.

Standards, Methods, Accounting, Cash management, Cash flow

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A control framework for factory automation

Article Abstract:

A cost accounting focus should be used in manufacturing decisions involving automation projects such as computer-integrated manufacturing systems (CIM). Many firms approach such projects without considering actual costs and benefits. Companies need a comprehensive strategy that focuses on total revenue improvement and cost displacement, as well as simple technological solutions. Similarly, most companies fail to focus on indirect labor improvements and the process by which overhead costs are allocated to products. Another issue is the need to concentrate on overall performance standards rather than workstation performance. CIM is a long-term technological change requiring a long view.

Technology application, Corporations, Manufacturing processes, Manufacturing, Automation, Computer-integrated manufacturing, Cost (Economics), Costs (Economics)

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