Re‐orienting the Statement of Cash Flows Around Cash Flows to Equity Holders
主张现金流量表应围绕股东现金流量重新设计，以与利润表和资产负债表保持一致，便于投资者进行预测和估值，且实施简单。
This paper argues that the Statement of Cash Flows should be re‐oriented around the concept of Cash Flows to Equity Holders. This re‐orientation seems attractive for conceptual and internal consistency reasons. The Income Statement and the Balance Sheet are already oriented around reporting the residual claim of equity holders. Thus, re‐orienting the Statement of Cash Flows around Cash Flows to Equity Holders naturally aligns it with the other two principal financial statements. The change also has considerable practical appeal for major users of financial reporting, especially investors who are interested in equity cash flows for forecasting and valuation. Finally, the proposed change is unusually easy to implement, essentially limited to different presentation of already existing information.