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Tuesday 28 April 2015

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IFRS Interpretations Committee

Statement of Cash Flows: Definitions of operating, investing and financing


 IFRS Interpretations Committee agenda decision

IAS 7 Statement of Cash Flows: Identification of cash equivalents

The Interpretations Committee received a received a request regarding the basis of classification of financial assets as cash equivalents in accordance with IAS 7. More specifically, the submitter thinks that the classification of investments as cash equivalents on the basis of the remaining period to maturity as at the balance sheet date would lead to a more consistent classification rather than the current focus on the investment’s maturity from its acquisition date.

Project stages

Deliberations

Completion date: May 2013