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Current stage

At its February 2024 meeting, the International Accounting Standards Board (IASB) discussed the feedback on the Exposure Draft Annual Improvements to IFRS Accounting Standards—Volume 11. The IASB tentatively decided to finalise the proposed amendment with no changes.

IASB® Update February 2024

The IASB discussed feedback on its proposed amendment to IAS 7 Statement of Cash Flows. The IASB had proposed to amend paragraph 37 of IAS 7 to remove a reference to ‘cost method’, which is no longer defined in IFRS Accounting Standards.

The IASB tentatively decided to proceed with the proposed amendment.

All 14 IASB members agreed with this decision.

Next milestone

Final Amendment