FASB proposes new restricted cash guidelines
The FASB has released draft rules on how firms report restricted cash that will require treasurers to justify their levels to investors and regulators.
On April 28, The Financial Accounting Standards Board(FASB) released a proposed accounting standards update that would alter the way in which restricted cash in is reported on the cash flow statement. The update would pressure treasurers to justify their levels of restricted cash to investors and could see CFOs put it to more immediate use.
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