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 Tentative Agenda Decision - IAS 7 - Identification of cash equivalents

Published on: Apr 05, 2013

Deloitte Touche Tohmatsu Limited has responded to the IFRS Interpretation Committee’s publication in the January 2013 IFRIC Update of the tentative decision not to add to the IFRIC’s agenda a request for clarification on the classification of financial assets as cash equivalents in accordance with IAS 7 Statement of Cash Flows.

We agree with the IFRS Interpretations Committee’s decision not to add this item to its agenda for the reasons set out in the tentative agenda decision. However, we note that since the reference to a "three-month criterion" in the tentative agenda decision is more definitive than the wording in paragraph 7 of IAS 7, we recommend that the wording of the agenda decision be amended.


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.