"We decided to implement the ASU 2016-18, Restricted Cash, but we didn’t know how to present and tag our Statement of Cash Flows properly. Given the young age of the standard, we were unsure how widely it had been adopted…. We also had a tight deadline and needed a solution our controller would approve and our auditors would agree to - fast. In the past we would have tasked a few analysts to search for any company that had restricted cash, and then see whether that company had adopted the new accounting standard. Now we use Calcbench."
Don’t hunt for the needle in the haystack by manually searching financial statements. Access all the data in face financials and footnotes within a couple of clicks.
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