Does The fasb require a reconciliation of net income to net cash provided or used by operating activities when the direct method is used which can be reported in the notes?

Yes, the Financial Accounting Standards Board (FASB) requires a reconciliation of net income to net cash provided or used by operating activities even when the direct method is utilized for presenting the cash flow statement. This reconciliation can be included in the notes to the financial statements. The purpose is to provide clarity on how net income reconciles to cash flows from operating activities, enhancing users' understanding of the company's cash flows.