Global Journal of Management and Business Research, C: Finance, Volume 22 Issue 5

same time, in external communication to third parties, can be stopped that the international accounting standards, the American GAAP and the Italian national accounting standards IAO (Italian Accounting Organims, in italian language OIC) represent valuable points of reference to draw up a meaningful cash flow statement. Unfortunately, the presence of considerable limitations in the proposed schedules or the list of items presented by these standards invalidates the actual usefulness of the report recommended by the American and Italian international and national accounting standards illustrated in the previous paragraph. It can usefully employ the provisions of these standards for the external financial communication of a company since the presence of a standard to which all companies refer guarantees the consistency of the schedules proposed to the community by the company together with the balance sheet, the profit and loss and other possible documents constituting the financial reporting, as, in Italy, happens for the extra night. For internal company management, however, what is proposed by the accounting standards illustrated in paragraph 2 is not considered helpful for developing an efficient and effective decision-making process. And it is more appropriate to flank what has been disseminated externally with an integrated information system that also provides for reporting with a structure different from that offered by the international, American, and Italian standards illustrated above. The form we recommend is the one highlighted in paragraph 2, as it is characterised by consistency with all the documents that comprise the integrated corporate information system. Only implementing an integrated corporate information system will allow the company management to make the correct decisions to achieve the income, financial and equity objectives that the company has set itself. Regardless of the individual goals the company has established itself, each decision must be effective and efficient as possible, and this can only happen if all decisions are made based on consistent information. This requires consistency of terms and, thus, a formal consistency of structured documents in the integrated information system. This is why this article recommends that the report governed by the dog, international and Italian American principles illustrated in paragraph number 2 also be accompanied by the report described in the previous paragraph as the only form compatible with a genuinely integrated information system. R eferences R éférences R eferencias 1. Adelberg A.H., (1979) A Methodology for Measuring the Understandability of Financial Report Messages, Journal of Accounting Research, Vol. 17, No. 2 , pages 565-592. 2. Adelberg, A.H., (1983) “The accounting syntactic complexity formula: a new instrument for predicting 34 Global Journal of Management and Business Research Volume XXII Issue V Version I Year 2022 ( ) C © 2022 Global Journals Does the Formal Structure of the Cash Flow Statement have an Impact on the Understanding of the Data Contained in the Report Explaining the Company's Financial Dynamics? the readability of selected accounting communications”, Accounting and Business Research, Summer 1983, pages 162-175. 3. Adelberg, A.H., Razek, J.R, (1984) The Cloze Procedure: A Methodology for Determining the Understandability of Accounting Textbooks, The accounting Review, Vol. 59, no. 1, pages 109-122. 4. Albrecht W. S., d Sack R. J. (2001) Accounting Education: Charting the Course Througha Perilous Future, Accounting Education Series 16, American Accounting Association. 5. Alexander D., Britton A, Jorissen A., (2007) International financial reporting and analysis, Thomson. 6. Alexander D., (1993) A European true and fair view? European accounting review, vol 2, issue n. 1. 7. Alexander, D. and H. R. Schwencke (1997). Accounting changes in Norway: a description and analysis of the transition from a continental towards an anglo-saxon perspective on accounting. 20th Annual Congress of the European Accounting Association. Graz, Austria. 8. Alexander, D. and H. R. Schwencke, (2003). Accounting change in Norway, European Accounting Review vol. 12, issue 3, p. 549-566. 9. Alexander, D., Jermakowicz E, (2006). A true and fair view of the principles/rules debate, Abacus, Vol. 42, n. 2. 10. Alexander, D., Nobes C. (2013). Financial accounting: an international introduction, Pearson. 11. Ankarath N., KJ Mehta K.J., Ghosh T.P., Alkafaji Y. A., (2010), Understanding IFRS fundamentals: international financial reporting standards, John Wiley and Son. 12. Avi M.S, (2017), in Management accounting volume II. Cost analysis, EIF-e.book. 13. Avi, M.S., (2018), Understandability in Italian Financial Reporting and jail: a link lived dangerously, European Journal of Economics, Finance, & Administrative Science, vol. 99, pages XXX. 14. Ballwieser W., G. Bamberg, M.J. Beckmann, H. Bester, M. Blickle, R. Ewert, A. Wagenhofer and M. Gaynor (2012). Agency theory, information, and incentives. Springer Science & Business Media. 15. Baines, A., & Langfield-Smith, K. (2003). Antecedents to Management Accounting Change: a 16. Structural Equation Approach, Accounting, Organizations and Society, vol.28, Issue 7, pages 675-698. 17. Barth M.E., (2008) Financial Reporting Transparency, The Journal of Accounting, Auditing, and Finance, Vol 23, Issue 2, , pages. 173-190. 18. Barth, M. E (2014)., Measurement in Financial Reporting: The Need for Concepts, Accounting Horizons, Vol. 28, No. 2, pages. 331-352.