AASB 107 - Statement of Cash Flows - July 2004
Comparison with IAS 7Comparison with IAS 7
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Comparison with IAS 7
AASB 107 and IAS 7
AASB 107 Statement of Cash Flows as amended incorporates IAS 7 Statement of Cash Flows as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 7) are identified with the prefix “Aus”, followed by the number of the relevant IASB paragraph and decimal numbering. Paragraphs that apply only to not-for-profit entities begin by identifying their limited applicability.
Compliance with IAS 7
Entities that comply with AASB 107 as amended will simultaneously be in compliance with IAS 7 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.