As Part of the IASB's Disclosure Initiative "Amendments to IAS

question 61

Essay

As part of the IASB's Disclosure Initiative "Amendments to IAS 7 - Statement of Cash Flows", explain what companies are encouraged, but not required, to do in terms of changes in liabilities arising from financing activities.

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Definitions:

Deviant People

Individuals who significantly deviate from societal norms in behavior, beliefs, or attitudes, often leading to social disapproval.

Modeling

A behavior modification technique that involves observing the behavior of others (the models) and participating with them in performing the desired behavior.

Vicariously

Experiencing something indirectly or through another person's experience, often used in the context of learning or emotional experiences.

Reinforcement

A process in learning theory where behaviors are encouraged or discouraged through rewards or punishments.