|Budget Amount *help
¥6,500,000 (Direct Cost : ¥6,500,000)
Fiscal Year 1991 : ¥2,000,000 (Direct Cost : ¥2,000,000)
Fiscal Year 1990 : ¥4,500,000 (Direct Cost : ¥4,500,000)
The income statement and balance sheet are well known as means for disclosing financial information pertaining to a business, but in addition tp these. attention has been placed, in recent years, onthe introduction of a fund statement in to the financial information system of businesses.
The present study first of all makes a broad investigation of atement of Financial Accounting Standards, No. 95, 'The Cash Flow Statement', prepared by the Financial Accounting Standards Board. which is responsible for determining accounting standards in the U. S. . Secondly, it includes a survey regarding the possibility of Japanese businesses adopting the same sort of practices. Results are as follows : (I)Up until now, in Statement of Source and Application of Funds as conventionally disclosed by American businesses, and in Statement of Changes in Financial Position as required by the Accounting Principles Board, the American Institute of Certified Public Accountants, the concept of funds was very lo
osely defined, with statements assuming a multiple nature. Contrary to this. the noteworthy feature of Statement of Financial Accounting Standards, No. 95 is that it defines the mandatory cash flow statement as a statement clarifying changes in cash and cash equivalents, and abandoning the multiplicity contained in the concept of funds. It was concluded that such would adequately serve as a model to be included in the system of financial information disclosure of Japanese businesses. (2)In a questionnaire mailed to the heads of the accounting departments of 1222 companies listed in Section One of the Tokyo Stock Exchange, 60% of 391 responders indicated agreement to the proposition that a cash flow statement be disclosed as part of the financial statements. 40%, however, were not in agreement, and several problems yet remain. In light of such awareness on the part of accounting officials in Japanese businesses regarding the cash flow statement, it was concluded that the solution of such problems can only come about through further investigation and the formulation of persuasive arguments.