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IFRSclass.comTM |
| U.S. GAAP Codification | IFRS International Standards | Accounting Standards, ASC |
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International Accounting Standard (IAS) 7 |
| IFRS Accounting Topics |
| International Accounting Standard (IAS) 7 |
IAS 7
Statement of Cash Flows Issued in
December 1992: replaced October 1977 version of IAS 7 Recent amendment:
by IAS 1 revised in September 2007 IAS 1
(revised in September 2007) changed the title of IAS 7--> from Cash Flow Statements --> to Statement of Cash Flows |
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Classification of cash flows (1) cash flows from operating activities (2) cash flows form investing activities (3) cash flows from financing activities |
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Cash flows
from operating activities --> reported using either (1) or (2) (1) direct method (2) indirect method |
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IAS 7
encourages the use of
direct method. |
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IAS
7 Technical Notes |
| IAS 40 - IAS 41 |
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IAS 40:
Investment property |
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IAS
40 Technical Notes |
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IAS 41:
Agriculture |
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