BUS 591 Week 6 Discussion 1

Week 6 - Discussion 1

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Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

Indirect Method   vs. Direct Method

Financial statement preparers have   two choices in preparing the statement of cash flows: the indirect method and   the direct method. The indirect method is used extensively in practice even   though the F.A.S.B. has expressed a preference for the direct method. Discuss   the similarities and differences between the direct and indirect methods, and   the advantages of using each method. 

Your answer should illustrate   understanding of the cash flow statement. A minimum of 100 to 200 words is   required for your answer. Respond to at least two of your classmates’ posts.