Accounting


The SEC released guidance to help registered companies improve the presentation of consolidated statements of cash flows in financial statements they file with the commission ( www.sec.gov/divisions/corpfin/guidance/ ). In a letter to CFOs, Chief Accountant Carol A. Stacey of the commission’s Division of Corporation Finance emphasized the importance of accurately presenting cash receipts and cash payments so financial statement users can better assess how able companies are to meet their financial obligations, pay dividends and otherwise operate as going concerns.

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States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.