Views sought on IASB proposal for net debt disclosure


10 March 2015

Have your say on the International Accounting Standards Board's consultation on changes to IAS 7.

The ICAS Accounting Standards Committee is seeking the views of members working in the UK and overseas on the International Accounting Standards Board's (IASB) current consultation on changes to IAS 7 – Statement of Cash Flows.

The proposed changes are intended to improve:

  • Information provided to users of financial statements about an entity's financing activities, excluding equity items.
  • Disclosures that help users of financial statements to understand the liquidity of an entity.

Under UK GAAP, a net debt reconciliation is required as part of the cash flow statement, and some UK companies continue to provide this information under IFRS.  In other countries, the concept is less well-understood.  The IASB has proposed these changes as a short-term measure to improve reporting, before potentially undertaking more in-depth work in this area as part of its Disclosure Initiative.

Because of the divergence in practice in this area across the globe, ICAS is keen to obtain the views of members internationally in order to inform its response to the IASB.

Read the Exposure Draft of the amendments.  

If you have any comments on the proposals, please contact by Thursday 2 April.


  • Private sector
  • Tax
  • Corporate and financial reporting

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