1 – Research how FASB and IFRS treat changes in accountingestimates and errors. What do they have in

1 – Research how FASB and IFRS treat changes in accountingestimates and errors. What do they have in common? What isdifferent? Do not forget to note your source and in-text citationin APA format. 2 – This week we have seen what important information astatement of cash flows can provide for managers as well asexternal users. What could be the result if a falsely preparedstatement of cash flows was provided as a part of a loanapplication by a company seeking a loan from the local bank? . . .

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