Global Standards for the world economy

Friday 15 January 2021

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IFRS Interpretations Committee

Statement of Cash Flows: Definitions of operating, investing and financing

 IFRS Interpretations Committee agenda decision

IAS 7 Statement of Cash Flows: Identification of cash equivalents

The Interpretations Committee received a received a request regarding the basis of classification of financial assets as cash equivalents in accordance with IAS 7. More specifically, the submitter thinks that the classification of investments as cash equivalents on the basis of the remaining period to maturity as at the balance sheet date would lead to a more consistent classification rather than the current focus on the investment’s maturity from its acquisition date.

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Completion date: May 2013