1 - Research how FASB and IFRS treat changes in accounting estimates and errors. What do they have in common? What is different? Do not forget to note your source and in-text citation in APA format.
2 - This week we have seen what important information a statement of cash flows can provide for managers as well as external users. What could be the result if a falsely prepared statement of cash flows was provided as a part of a loan application by a company seeking a loan from the local bank?