United States

Amendments to IAS 7 issued


The International Accounting Standards Board recently issued amendments to International Accounting Standard (IAS) 7, Statement of Cash Flows, which require disclosure of the following changes in liabilities arising from financing activities:

  • Changes from financing cash flows
  • Changes arising from obtaining or losing control of subsidiaries or other businesses
  • The effect of changes in foreign exchange rates
  • Changes in fair values
  • Other changes

The Disclosure Initiative Amendments to IAS 7 are effective for annual periods beginning on or after January 1, 2017.