ED of disclosures on supplier finance arrangements
On 26 November, the IASB published an Exposure Draft (ED), available here, which aims to address investors’ information needs regarding supplier finance arrangements, such as reverse factoring and similar arrangements.
Keywords: Mazars, Thailand, IFRS, IASB, Exposure Draft, IAS 7, IFRS 7
23 February 2022
The proposed amendments to IAS 7 – Statement of Cash Flows and IFRS 7 – Financial Instruments: Disclosures would require entities to provide additional disclosures on such arrangements in the financial statements.
The objective is to enable users of financial statements to assess the impact of such arrangements on an entity’s liabilities, cash flows, liquidity risk profile and risk management policy.
The mandatory effective date has not yet been set, but early application is likely to be permitted.
The comment period for the ED is open until 28 March 2022.
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