SAFC 7; Using Cash Flow Information and Present Value in Accounting Measurements

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This 3 page paper looks at the FASB statement of financial accounting concept (SAFC) 7 which deals with the measurement of future cash flows. The paper outlines the approach put forward in the SAFC and shows how this applies to three different future cash flow classes; leases, environmental liabilities and warranties. The bibliography cites 2 sources.