Global Standards for the world economy

Wednesday 24 May 2017

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The deliberation upon the comments received on this proposed amendment was postponed until the next IFRS Interpretations Committee meeting

 23 January 2013

The Interpretations Committee received a request about 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.

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