Title:
Customer-Related Notes Receivable and Reclassified Cash Flow Provided by Operating Activities
Customer-Related Notes Receivable and Reclassified Cash Flow Provided by Operating Activities
Author(s)
Mulford, Charles W.
Ely, Michael L.
Patel, Amit
Martins, Mario
Ely, Michael L.
Patel, Amit
Martins, Mario
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Abstract
In February, 2005, the Securities and Exchange Commission directed the Chief Financial Officers of various companies to begin reporting customer-related notes receivable, including sales-type lease receivables, as operating cash flow. The SEC's attention was drawn to this subject, in part, by our April 2004 report titled, "Cash-Flow Reporting Practices for Customer-Related Notes Receivable." In that report we identified various companies who reported as investing cash flow changes in customer-related notes receivable and sale-type lease receivables. Following the SEC's action, these companies will now report changes in the balance of these receivables in the operating section of the statement of cash flows. This update reviews the impact of the SEC's action on the operating cash flows of the companies included in our original report.
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Date Issued
2005-04
Extent
63460 bytes
Resource Type
Text
Resource Subtype
Technical Report