EFRAG issues 'Short Discussion Series' paper on cash flow statements

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

15 Jul 2015

The European Financial Reporting Group (EFRAG) has issued a 'Short Discussion Series' paper that discusses the usefulness of the statement of cash flows for financial institutions and possible alternatives.

The EFRAG's 'Short Discussion Series' are designed to address topical and problematic issues with the aim of stimulating debate among European constituents and of helping the IASB to address cross-cutting dilemmas in financial reporting.

In the paper, the EFRAG discusses the following topics:

  • Summary of requirements and intended benefits of IAS 7.
  • Requirements in IAS 7 specifically relevant to financial institutions, including views on the usefulness to financial institutions.
  • Dis­cus­sion of al­ter­na­tives related to:
    • Information on liquidity.
    • Information on changes in assets and liabilities.
    • Specific aspects relevant to insurance companies.
    • Narrower amendments.

Comments are due by 31 March 2016. For more information, see the press release and the dis­cus­sion paper on the EFRAG website.

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