The most contentious decision that the IASB faced related to cash flow reporting was choosing between the direct method and the indirect method of determining net cash flow from operating activities.

Question

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The IASB (International Accounting Standards Board) had to decide between the direct and indirect methods for reporting cash flows from operating activities, which was a significant and debated issue in financial reporting.

The Most Contentious Decision That the IASB Faced Related to Cash