Working Capital Paper

Working Capital Paper

Paper details Article link: https://www.journalofaccountancy.com/issues/2012/apr/20114183.html In your paper, address the following; 1. Discuss the conventional financial reporting for the current portion of long-term debt. Include the implications of this approach. 2. Describe the current flaw, according to the author, in U.S. GAAP/IFRS financial standards that distorts working capital and liquidity calculations for many companies. 3. Describe the author’s solutions to correct the “distorted liquidity picture”. 4. Critique the author’s proposal and include your opinion, which approach, the conventional or that described by the author, has the best practical and theoretical application