The statement of cash flows is a very important statement. In fact, the FASB at one point discussed some changes may be in order.

The statement of cash flows is a very important statement. In fact, the FASB at one point discussed some changes may be in order. Historically, earnings have been the main measurement of profitability of a firm. Today, some folks believe that the cash flow statement may be a more appropriate predictor.

Do you agree or disagree? Support your position with examples and reasoning