Question: [Differences between U.S. GAAP and International Accounting Standards-statement of cash flows] Roche provides cash flow statements based on International Accounting Standards.
a. Identify and discuss the major differences between the Inter-national Accounting Standards cash flow statement and the U.S. GAM requirements (SEAS 95) for cash flow statements.
b. Convert Roche's International Accounting Standards-based cash flow statement to a U.S. GAAP-based cash flow Statement mew Pfizer's statement of cash flows as a guide.
c. Identify and discuss at least one significant advantage and one disadvantage of the international Accounting Standards(IAS) approach to cash flow statements.