What question did this study set out to answer?

The report aims to evaluate the importance and compliance of fund statements in financial reporting.

Subcommittee on IASC Exposure Draft Number 7 of The American Accounting Association's Committee on Financial Accounting Standards.

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This report comments on fund statement standards, indicating their importance for financial statement users.

The report aims to evaluate the importance and compliance of fund statements in financial reporting.
Review of empirical literature on fund statements
Categorization of findings into three broad areas
Analysis of user perceptions regarding fund statements
Users' experiences significantly affect their views on the importance of fund statements.
Discussion on whether fund statements should focus solely on liquidity or encompass all resources.
Assessment of compliance levels with APB Opinion 19 guidelines.

A 1977 study studied this question.

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