IFRS does not require that the increase or decrease in cash and cash equivalents explained in the statement of cash flows agree to the line item Cash and Cash Equivalents in the balance sheet.

Question

Quizplus · Accepted Answer

IFRS allows for differences in the amounts reported in the statement of cash flows and the balance sheet due to various factors such as foreign currency fluctuations, cash held for specific purposes, and timing differences in recording cash transactions.

IFRS Does Not Require That the Increase or Decrease in Cash