7IAS 7

Worldwide Accounting Regular 7

Assertion of Cash Flows

This variation includes changes resulting from IFRSs issued approximately 31 Dec 2008. IAS 7 Income Statements was issued by the International Accounting Standards Panel in January 1992. It replaced IAS 7 Declaration of Within Financial Position (issued in August 1977). In April 2001 the Worldwide Accounting Requirements Board resolved that all Standards and Interpretations issued beneath previous Constitutions continued to be suitable unless and until these were amended or withdrawn. Since that time, IAS several and its associated documents had been amended by the following IFRSs: • • • • • • • IAS 8 Accounting Policies, Changes in Accounting Quotes and Errors (issued December 2003) IAS 21 The consequence of Changes in Forex Rates (as revised in December 2003) IFRS eight Operating Segments (issued November 2006)* IAS 23 Borrowing Costs (as revised in March 2007)* IAS 1 Presentation of Financial Statements (as revised in September 2007)* IAS twenty-seven Consolidated and Separate Economic Statements (amended in January 2008)†Advancements to IFRSs (issued May 2008). *

As a result of the alterations in terminology made by IAS 1 in 2007, the title of IAS 7 was changed to Assertion of Cash Flows.

* вЂ

effective particular date 1 January 2009 effective date one particular July 2009

В©

IASCF

999

IAS 7

MATERIAL

INTERNATIONAL ACCOUNTING STANDARD 7 STATEMENT OF CASH FLOWS

TARGET SCOPE BENEFITS OF CASH FLOW DETAILS DEFINITIONS Money and money equivalents DISPLAY OF A DECLARATION OF CASH MOVES Operating activities Investing actions Financing actions REPORTING FUNDS FLOWS BY OPERATING ACTIVITIES REPORTING CASH FLOWS COMING FROM INVESTING AND FINANCING ACTIONS REPORTING CASH FLOWS ON A NET BASIS FOREIGN CURRENCY FUNDS FLOWS CURIOSITY AND DIVIDENDS TAXES ABOUT INCOME PURCHASES OF SUBSIDIARIES, CO-WORKERS AND JOINT VENTURES CHANGES IN OWNERSHIP PURSUITS IN SUBSIDIARIES AND OTHER BUSINESSES noncash ORDERS COMPONENTS OF FUNDS AND MONEY EQUIVALENTS ADDITIONAL DISCLOSURES EFFECTIVE DATE SORTIE A W Statement of money flows intended for an entity other than a financial institution Statement of cash flows to get a financial institution

paragraphs

1–3 4–5 6–9 7–9 10–17 13–15 16 seventeen 18–20 21 years old 22–24 25–28 31–34 35–36 37–38 39–42B 43–44 45–47 48–52 53–55

1000

В©

IASCF

IAS 7

Worldwide Accounting Regular 7 Declaration of Cash Flows (IAS 7) is set out in paragraphs 1–55. All the sentences have similar authority yet retain the IASC format in the Standard because it was adopted by the IASB. IAS 7 should be read in the framework of the objective, the Preface to International Economical Reporting Requirements and the Structure for the Preparation and Presentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimations and Errors provides a basis for selecting and applying accounting policies inside the absence of direct guidance.

В©

IASCF

one thousand one

IAS six

International Accounting Standard several Statement of Cash Flows* Goal

Information about the money flows of an entity pays to in offering users of financial statements using a basis to assess the ability from the entity to build cash and cash equivalents and the needs of the business to use those funds flows. The economic decisions that are used by users require an evaluation of the ability associated with an entity to build cash and cash equivalents and the timing and conviction of their era. The objective of this kind of Standard should be to require the provision of information about the historical within cash and cash variation of an organization by means of a affirmation of cash flows which classifies cash flows during the period from functioning, investing and financing activities.

Scope

one particular An entity shall prepare a statement of cash flows according to the requirements on this Standard and shall present it because an integral part of its financial transactions for each period for which economical...