EFRAG publishes Discussion Paper on the Statement of Cash Flows
EFRAG publishes Discussion Paper on the Statement of Cash Flows
EFRAG has published a Discussion Paper ‘Statement of Cash Flows – Objectives, Usages and Issues’.
The Discussion Paper is issued with an objective to list the issues that currently exist for statements of cash flows prepared in accordance with IAS 7 Statement of Cash Flows.
For Discussion Paper lists the following perceived issues with the statement of cash flows for non-financial entities:
The Discussion Paper is issued with an objective to list the issues that currently exist for statements of cash flows prepared in accordance with IAS 7 Statement of Cash Flows.
For Discussion Paper lists the following perceived issues with the statement of cash flows for non-financial entities:
- Definitions of ‘cash’ and ‘cash equivalents
- Cash flows of an agent
- Certain issues identified in:
- Non-cash transactions
- Classification of cash flows
- Disclosure requirements
- Aggregation of information