This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deloitte comment letter on the FRC's Discussion Paper: 'Improving the Statement of Cash Flows'

Published on: 03 Apr 2017

We have published our comment letter on the Financial Reporting Council's (FRC's) Discussion Paper: Improving the Statement of Cash Flows.

We agree with many of the suggestions made in the paper to improve the statement of cash flows. We believe that the focus should be on improving classification and we support introducing more classification headings. However, we believe that less emphasis should be afforded to suggestions made where the existing principles and rules in IAS 7 Statement of Cash Flows are operating successfully in practice and are not considered to be significant problem areas such as net presentation and where the reconciliation of operating activities should be presented.

We also consider that several of suggestions could be enhanced through further outreach to determine whether the issue raised is an important one for users of financial statements and to strike the appropriate balance between costs and benefits.   

Further comments and a full response to all questions raised in the invitation to comment are contained within the full comment letter which can be downloaded below.

Download

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.