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Thread: 03 - Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3) - Statement of Cash Flows

  1. #21
    IND-AS
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    Thumbs up Other disclosures of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3) - Statement of Cash Flows

    Other disclosures of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3)


    Statement of Cash Flows


    Other disclosures


    48. An entity shall disclose, together with a commentary by management, the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group1.

    49. There are various circumstances in which cash and cash equivalent balances held by an entity are not available for use by the group 2. Examples include cash and cash equivalent balances held by a subsidiary that operate s in a country where exchange controls or other legal restrictions apply when the balances are not available for general use by the parent or other subsidiaries.

    50. Additional information may be relevant to users in understanding the financial position and liquidity of an entity. Disclosure of this information, together with a commentary by management, is encouraged and may include:

    (a) the amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions on the use of these facilities;

    (b) the aggregate amounts of the cash flows from each of operating, investing and financing activities related to interests in joint ventures reported using proportionate consolidation;

    (c) the aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity;
    and

    (d) the amount of the cash flows arising from the operating, investing and financing activities of each reportable segment (see Ind AS 108 Operating Segments).

    51. The separate disclosure of cash flows that represent increases in operating capacity and cash flows that are required to maintain operating capacity is useful in enablin g the user to determine whether the entity is investing adequately in the maintenance of its operating capacity. An entity that does not invest adequately in the maintenance of its operating capacity may be prejudicing future profitability for the sake of current liquidity and distributions to owners.

    52. The disclosure of segmental cash flows enables users to obtain a better understanding of the relationship between the cash flows of the business as a whole and those of its component parts and the availabi lity and variability of segmental cash flows.



  2. #22
    IND-AS
    Guest

    Thumbs up Appendix - A of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3) - Statement of Cash Flows

    Appendix - A of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3)


    Statement of Cash Flows



    Appendix - A

    Illustrative Examples Statement of cash flows for an entity other than a financial institution


    This appendix accompanies, but is not part of, Ind AS 7.

    1. The examples show only current period amounts. Corresponding amounts for the preceding period are required to be presented in accordance with Ind AS 1 Presentation of Financial Statements.

    2. Information from the statement of profit and loss and balance sheet is provided to show how the statements of cash flows under the direct method and indirect method have been derived. Neither the statement of profit and loss nor the balance sheet is presented in conformity with the disclosure and presentation requirements of other Standards.

    For Full Detail You can download this from PDF Format

    Attached Files Attached Files
    Last edited by IND-AS; 31-01-2011 at 02:53 PM.

  3. #23
    IND-AS
    Guest

    Thumbs up Appendix - B of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3) - Statement of Cash Flows

    Appendix - B of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3)


    Statement of Cash Flows

    Appendix - B

    Illustrative Examples Statement of cash flows for a financial institution


    This appendix accompanies, but is not part of Ind AS 7.

    1. The example shows only current period amounts. Comparative amounts for the preceding period are required to be presented in accordance w ith Ind AS 1 Presentation of Financial Statements.

    2. The example is presented using the direct method.



    For Full Detail You can download this from PDF Format

    Attached Files Attached Files
    Last edited by IND-AS; 31-01-2011 at 02:54 PM.

  4. #24
    IND-AS
    Guest

    Thumbs up Appendix - 1 of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3) - Statement of Cash Flows

    Appendix - 1 of Indian Accounting Standard (Ind AS) 7 - Earlier Accounting standard (3)


    Statement of Cash Flows

    Appendix - 1

    Note:
    This Appendix is not a part of the Indian Accounting Standard. The purpose of this Appendix is only to bring out the differences, if any, between Indian Accounting Standard (Ind AS) 7 and the corresponding International Accou nting Standard (IAS) 7, Statement of Cash Flows.

    Comparison with IAS 7, Statement of Cash Flows


    Ind AS 7 differs from International Accounting Standard (IAS) 7, Statement of Cash Flows , in the following major respects:

    1. In case of other than financial e ntities, IAS 7 gives an option to classify the interest paid and interest and dividends received as item of operating cash flows. Ind AS 7 does not provide such an option and requires these item to be classified as item of financing activity and investing activity, respectively (refer to paragraph 33).

    2. IAS 7 gives an option to classify the dividend paid as an item of operating activity.
    However, Ind AS 7 requires it to be classified as a part of financing activity only.

    3. Different terminology is used in this standard, e.g., the term ‘balance sheet’ is used instead of ‘Statement of financial position’ and ‘Statement of profit and loss ’ is used instead of ‘Statement of comprehensive income’.

    4. Paragraph 2 of IAS 7 which states that IAS 7 supersedes the earlier version IAS 7 is deleted in Ind AS 7 as this is not relevant in Ind AS 7. However, paragraph number 2 is retained in Ind AS 7 to maintain consistency with paragraph numbers of IAS 7.

    5. The following paragraph numbers appear as ‘Dele ted ‘in IAS 7. In order to maintain consistency with paragraph numbers of IAS 7, the paragraph numbers are retained in Ind AS 7:

    (i) paragraph 29
    (ii) paragraph 30


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