IAS 7

cellular education classroom 159844

Revision question on IAS 7 cash flow statement (NBAA C1, NOV 2018)



The International Accounting Standards Board (IASB) had published amendments to IAS 7 ‘Statement of Cash Flows’ which recently became effective (for annual periods that began on or after 1st January 2017). The amendments were intended to clarify IAS 7 and improve information provided to users of financial statements about an entity’s financing activities. These require … Read the rest

calculator calculation insurance finance 53621 1

2020 Updated list of International Accounting Standards (IAS)

The following are the list of updated international accounting standards (IAS) in 2020:

Read the rest

Cash flow from financing activities – meaning.

Cash flow from financing activities involves cash generated by obtaining resources from owners and providing them with a return on their investment, borrowing money and repaying amounts borrowed and obtaining and paying for other resources obtained from creditors on long-term credit. Cash flows from financing activities involve the proceeding from issuing share or other similar instrument, debentures, mortgages, bonds and … Read the rest

Cash and cash equivalent – meaning



Cash and cash equivalents (CCE) are the most liquid current assets found on a business’s statement of financial position. Cash equivalents are short-term commitments “with temporarily idle cash and easily convertible into a known cash amount”. An investment normally counts to be a cash equivalent when it has a short maturity period of 90 days … Read the rest