Friday 09 December 2016
The project forms part of the Disclosure Initiative. The Board published an Exposure Draft with proposed amendments to IAS 7 in December 2014. The objectives of the proposed amendments were to improve:
In October 2015 the Board decided to finalise requirements for gross debt reconciliation in a stand-alone amendment to IAS 7 while continuing deliberations on disclosures about restrictions on cash and about liquidity. The stand-alone amendment was issued in January 2016. The amendments will require entities to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including non-cash changes and changes arising from cash flows. These requirements become effective for reporting periods beginning on or after 1 January 2017. Earlier application is permitted.
As part of deliberations on disclosures about restrictions on cash and about liquidity, in May 2016, the Board tentatively decided to develop a narrow-scope amendment for disclosing an entity’s restrictions on the use of cash and cash equivalent balances.
* final amendments relating to changes in liabilities arising from financial activities
** recent deliberations: restrictions on cash and cash equivalent balances
The Board discussed disclosures about restrictions on cash and about liquidity at the May 2016 IASB meeting
The Board discussed disclosures about restrictions on cash and about liquidity at the April 2016 IASB meeting
The amendments to IAS 7 were discussed at the February CMAC meeting
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