Cash Flow Comparability: Accounting For Long-Term Debt Under SFAS 95.
指出SFAS 95对长期债务现金流分类存在多种解释，企业至少采用四种方法，导致经营现金流报告金额差异，损害了公司间可比性。
Abstract The statement of cash flows, SFAS 95, classifies interest as an operating activity, and the receipt and repayment of borrowed funds as financing activities. This apparently simple requirement is subject to a variety of reasonable interpretations. Several implementation procedures have been proposed since the issuance of SFAS 95, but there is no agreement regarding which is best. Because of this uncertainty, firms currently employ at least four methods of classifying the cash flows related to long-term debt. These methods differ with regard to the amounts and timing of cash flows reported in the operating activities section of the statement of cash flows. The differences between the reported amounts can be significant for firms that issue deeply discounted debt. However, because it is generally impossible to tell from published financial reports which method is employed, interfirm comparability may be impaired.