ACC 557 Week 9 Discussion The reporting requirements between US GAAP and IFRS are slightly different for the cash flows of the organization. There are still complexities as to the reporting requirements such as the interest paid and received is recorded as operating under US GAAP whereas under IFRS it can be treated as operating or financing and interest received can also be treated as investing under IFRS. Dividend paid is treated as financing under US GAAP whereas it is treated as operating or financing under IFRS (Godwin & Alderman, 2012).
Dividend received can also be treated as operating or investing under IFRS. The method of cash flow reporting can be improved by harmonizing
USA 
India