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IASB member discusses disclosures about changes in financing liabilities

  • IFRS - IASB Image

Feb 21, 2019

On February 21, 2019, the International Accounting Standards Board (the Board) issued an article by Board member Nick Anderson discussing the objectives of the 2016 IAS 7 amendments that require companies to provide disclosures about changes in liabilities arising from financing activities.

In his article, Mr. Anderson looks at what is required by the amendments and why this disclosure so important for investor analysis.

Aspects he considers are:

  • Is this different from a "net debt reconciliation"?
  • Reconciliation to other areas of the financial statements
  • Sufficient disaggregation
  • Adequate explanation
  • Simple communication

Review the article on the Board's website.

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