Monday 23 January 2017
The project forms part of the Disclosure Initiative. The Board published an Exposure Draft with proposed amendments to IAS 7 in December 2014.
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.
In December 2016, the Board decided not to proceed with the work on the cash restrictions proposals included in its Exposure Draft. The Board noted that the work carried out on these proposals will inform the Post-implementation Review of IFRS 12 Disclosure of Interests in Other Entities.
* final amendments relating to changes in liabilities arising from financial activities
** recent deliberations: restrictions on cash and cash equivalent balances
The Board decided not to proceed with the work on the cash restrictions proposals
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
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