Friday 05 February 2016
The objective of the amendments is to enable users of financial statements to evaluate changes in liabilities arising from financing activities.
The amendments will require entities to provide disclosures that enable investors to evaluate changes in liabilities arising from financing activities, including changes arising from cash flows and non-cash changes.
The amendments to IAS 7 respond to investors’ requests for information that helps them better understand changes in an entity’s debt, which is important to their analysis of financial statements. These amendments are mandatory for annual periods beginning on or after 1 January 2017.
IASB responds to investors’ call for improved disclosures
The amendments to IAS 7 were discussed at the December IASB meeting
The proposed amendments to IAS 7 were discussed at the October IASB meeting
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