European Union adopts amendments to IAS 7 and IFRS 7
European Union adopts amendments to IAS 7 and IFRS 7
The IASB issued Supplier Finance Arrangements, which amended IAS 7 Cash Flow Statements and IFRS 7 Financial Instruments: Disclosures, in May 2023. The amendments require entities to provide certain specific disclosures (qualitative and quantitative) related to supplier finance arrangements.
The European Union has now published a Commission Regulation endorsing the amendments. The Commission Regulation published in the Official Journal of the European Union may be accessed here.
The European Union has now published a Commission Regulation endorsing the amendments. The Commission Regulation published in the Official Journal of the European Union may be accessed here.