ABSTRACT
In recently enlarging upon his perceptions of the deficiencies of cash flow accounting/analysis (hereafter CFA), Mr. Egginton (1984) mainly concentrates on the earlier work of its two longstanding UK protagonists—Lawson and Lee. As a more careful reading of their later contributions would have revealed, both have developed their ideas well beyond those contained in the papers which are the main focus of Egginton's criticisms.
