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  "documentTitle": "Amcor plc (pro forma Amcor-Berry Global combination) (AMCR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-03-10 00:00:00",
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  "notes": "Uses a 'before-after' or 'contrast' style to highlight accounting non-compliance.",
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      "text": "A Disclosure Related To Cash Deposited With A Brazilian Court",
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      "text": "Amcor's Cash Flow Statement Is Not Compliant With FASB Guidance As It Does Not Show Changes In Restricted Cash",
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      "text": "We believe Amcor’s Statement of Cash Flow does not comply with FASB guidelines as it does not show restricted cash movements.",
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      "text": "We believe Amcor's Statement of Cash Flow does not comply with FASB guidelines as it does not show restricted cash movements. Amcor also buried a disclosure in Note 16 that it has deposited cash with a Brazilian court to defend a case. How can this not be considered restricted cash?",
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      "text": "The amendments in this Update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents.",
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      "text": "At December 31, 2019 and June 30, 2019As of December 31, 2019, Amcor provided letters of credit of $43.6 million and deposited cash of $13.5 million with the courts to continue to defend the cases.",
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      "text": "The amendments in this Update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. — FASB",
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