The increasing attention on an entity’s cash generation and liquidity position has led to greater focus on the statement of cash flows by financial statement users, regulators and other commentators. However, this additional focus and scrutiny has also highlighted some common errors and inconsistencies in the application of MFRS 107.
Our ‘Insights into MFRS 107’ series is aimed at simplifying the requirements of the Standard by explaining the fundamentals of reporting cash flows using relatively simple language and providing insights to help entities cut through some of the complexities associated with the requirements. This introductory article provides an overview of the objective, scope and requirements of MFRS 107.
MFRS 107 At a glance
How we can help
We hope you find the information in this article helpful in giving you some insight into aspects of MFRS 107. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact.
