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IAS 7 Statement of Cash Flows
Course: Accountancy (BSA)
903 Documents
Students shared 903 documents in this course
University: Central Philippine University
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IAS 7
Overview
IAS 7
Statement of Cash Flows
requires an entity to present a statement of cash flows as an
integral part of its primary financial statements. Cash flows are classified and presented into
operating activities (either using the 'direct' or 'indirect' method), investing activities or
financing activities, with the latter two categories generally presented on a gross basis.
IAS 7 was reissued in December 1992, retitled in September 2007, and is operative for financial
statements covering periods beginning on or after 1 January 1994.
History of IAS 7
June 1976
Exposure Draft E7
Statement of Source and Application of Funds
October 1977
IAS 7
Statement of Changes in Financial Position
July 1991
Exposure Draft E36
Cash Flow Statements
December 1992
IAS 7 (1992)
Cash Flow Statements
1 January 1994
Effective date of IAS 7 (1992)
6 September 2007
Retitled from
Cash Flow Statements
to
Statement of Cash Flows
as a
consequential amendment resulting from revisions to IAS 1
16 April 2009
IAS 7 amended by Annual Improvements to IFRSs 2009 with respect to
expenditures that do not result in a recognised asset.
1 July 2009
Effective date for amendments from IAS 27(2008) relating to changes in
ownership of a subsidiary
1 January 2010
Effective date of the April 2009 revisions to IAS 7
29 January 2016
Amended by
Disclosure Initiative (Amendments to IAS 7)
1 January 2017
Effective date of the January 2016 revisions to IAS 7