EFRAG

The EFRAG Short Discussion Series addresses topical and problematic issues with the aim of helping the IASB to address ways to improve financial reporting after having stimulated debate among European constituents and beyond.

The paper discusses how the nature of the business activities of financial institutions may affect the relevance of the statement of cash flows as required by IAS 7 Statement of Cash Flows and discusses two alternatives for these entities:

  1. To replace the statement of cash flows with other disclosures; or
  2. To modify some of the requirements in IAS 7.

 

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