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the history of IFRS IAS 7 Statement of Cash Flows

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 vinod saini asked about 1 year ago

What is the history of IFRS IAS 7 Statement of Cash Flows ?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Doel Mehra answered about 1 year ago

Historical cash flows of an entity provides users of financial statements with a basis on which to assess the ability of the entity to generate cash and cash equivalents and the needs of the entity to utilise cash and cash equivalents. Economic decisions about the entity require an evaluation of an entity’s ability to generate cash and cash equivalents and the timing and certainty of their generation.

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