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AASB 107 - Cash Flow Statements

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Summary 
Developments, Key Differences & History 
Compared to IFRS 
Interpretations 
Rejection Notices 
Questions & Answers 
Articles 
AASB website 

 
Additions 
Aus 1.1 
Which entities AASB 107 applies to. 
 
Aus 1.2 
The application date of AASB 107, ie. annual periods beginning 1 January 2005. 
 
Aus 1.3 
Prohibits early application of AASB 107. 
 
Aus 1.4 
Makes the requirements of AASB 107 subject to AASB 1031 Materiality. 
 
Aus 1.5 
Explains which standards have been superseded by AASB 107.  
 
Aus 1.6 
Clarifies that the superseded standards apply until AASB 107 applies. 
 
Aus 1.7 
Notice of Standard published as required on 22 July 2004.  
 
Aus 20.1 
Requires a reconciliation note in relation to cash flows from operating activities and the profit or loss for the period. 
 
Aus 20.2 
Requires a similar reconciliation note as Aus 20.1 for those not-for-profit entities that report the net cost of services in their income statement.  
 
Deletions  
2 
History of IAS 7 not relevant to Australia.  
 
53 
Effective date of IAS 7 not relevant to Australia.