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Amendments to IAS 7 - IASB

Date recorded:

At its meeting on October 21, 2015, the IASB decided: (i) not to include disclosures on cash and cash equivalents in the amendments to IAS 7, Statement of Cash Flows related to the reconciliation of liabilities from financing activities (the "reconciliation"). The IASB noted that, as a consequence, the reconciliation would be finalized as a stand-alone amendment to IAS 7. And (ii) that it would discuss the scope of a broader examination of liquidity disclosures at a future meeting, taking into consideration the feedback received in this project and in the responses to the Agenda Consultation. They also tentatively decided that the effective date for the final amendments should be for annual periods beginning on or after January 1, 2017 and they tentatively decided not to require entities to restate comparative information for any preceding annual period.

Review the IASB Update.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.