30/10/2023 - SAVE THE DATE - Roundtables on the Statement of Cash Flows – Is there a need for change? – Corporates - 27 November 2023 or 4 December 2023
EFRAG invites preparers and auditors of corporates to a roundtable discussion on its proactive research project on the statement of cash flows. The targeted outreach event will focus on identifying the objectives/uses of the statement of cash flows and the issues concerning how the statements of cash flows are currently prepared under the requirements of IAS 7 Statement of Cash Flows.
These online events will take place online on 27 November 2023 from 09.30 to 12.00 CET and on 4 December 2023 from 09.30 to 12.00 CET.
Participants may choose their preferred date and time. The topics of discussions will be identical during both events.
Register here.
EFRAG is organising a roundtable on the proactive research project Statement of Cash Flows for corporates. The discussion will focus on the objectives and uses of the statement of cash flows, and issues with how the statement of cash flows is currently prepared under the requirements of IAS 7 Statement of Cash Flows. The exchange of views will address the above-mentioned topics relevant to corporates.
(a) List, and shortly discuss, different alternative objectives/uses of the statement of cash flows. This will include considering whether the statement should reflect changes in cash, changes in cash and cash equivalents or changes in working capital or net debt.
(b) List the issues with current requirements/practice. The issues would be categorised/labelled according to which objective/use of the statement of cash flows (in (a)) they would be related to.
(c) Discuss whether the IASB could consider the issues by targeted amendments to IAS 7, or a comprehensive review would be necessary to deal with the issues in a satisfactory manner.
The roundtable discussions are intended to receive input for (a) and (b) listed above.
These roundtables focuses on preparers and auditors of corporates. Every participant has speaking rights and is expected to exchange their views.
Please register here to participate on one or the other day. The topics of discussions will be identical during both events.
We will have separate roundtables for financial institutions and auditors of financial institutions (17 November 2023), and for users/academics (1 December 2023).
