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- 2023 Issued Standard – IAS 7
The 2023 Issued Standards include all amendments issued up to and including 1 January 2023.
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Summary
IAS 7 requires an entity to provide a statement of cash flows for an accounting period, which analyses changes in cash and cash equivalents during a period.
It requires the cash flows of an entity to be analysed into operating, investing and financing activities. Cash flows from operating activities may be reported using either the direct or indirect method.
Current proposals
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ED/2019/7 General Presentation and Disclosures
ED/2019/7 General Presentation and Disclosures was issued in December 2019. This is the exposure draft of a proposed new standard that would replace IAS 1. Consequential amendments would be made to IAS 7 to:
- Start the calculation of operating cash flows at operating profit when using the indirect method
- Require most dividends and interest paid to be classified as cash flows from financing activities
- Require most dividends and interest received to be classified as cash flows from investing activities
- Present separately cash flows in respect of investments in integral and non-integral associates and joint ventures.
Recent amendments
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UK reduced disclosures – FRS 101
UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.
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