Besitzen Sie diesen Inhalt bereits,
melden Sie sich an.
oder schalten Sie Ihr Produkt zur digitalen Nutzung frei.
Current Pitfalls in Cash Flow Statements and Changes in IAS 7 Ahead
The Cash Flow Statement is an integral part of the financial statements of any company preparing accounts under International Financial Reporting Standards (IFRS). The International Accounting Standards Board (IASB) in its project on Presentation is contemplating significant changes to financial statements to align the balance sheet and income statement to the structure of the Cash Flow Statement, with separate areas for operations, investing and financing activities. While these significant changes are still far off, there have been a number of changes recently that affect the Cash Flow Statement. This article discusses some of the consequences of these changes as well as some issues encountered in practice with regard to the Cash Flow Statement.
1. Changes in IAS 7 Ahead
IAS 7 Statement of Cash Flow has existed, largely unchanged, since 1992. The changes to IAS 7 over the years have largely been the result of consequential amendments from other accounting standards. In the annual improvements project in 2009, an amendment was made to IAS 7 that has interesting consequences for financial statements.
Specifically, the following sentence was added to IAS 7: „Only expenditures that res...