13 Jul 2026 1 min read
The increasing attention on an entity’s cash generation and liquidity position has led to greater focus on the statement of cash flows by financial statement users, regulators and other commentators. However, this additional focus and scrutiny has also highlighted some common errors and inconsistencies in the application of IAS 7.
This first introductory article provides an overview of the objective, scope and requirements of IAS 7 ‘Statement of Cash Flows’.
This insight provides an overview of the objective, scope and requirements of IAS 7.
In this article, we explore the key criteria established by IFRS 16 for identifying leases, the aspects that often pose practical challenges, and the considerations organizations must take into account to comply with financial reporting requirements.
IFRS 15 introduced the five-step model for revenue recognition and applies specifically to contracts with customers. This article deals with Step 3 of the five-step model, which covers determining the transaction price.
The IASB issued a new standard on accounting for companies subject to rate regulation: the IFRS 20 ‘Regulatory Assets and Regulatory Liabilities’.
