Under IFRS, noncash investing and financing activities are excluded from the statement of cash flows.

Question

Quizplus · Accepted Answer

Noncash investing and financing activities, such as acquiring assets through the issue of debt or shares, are not reported in the statement of cash flows under IFRS. Only cash transactions are reported in this statement. Noncash activity is reported in the footnotes or within the financial statements.

Under IFRS, Noncash Investing and Financing Activities Are Excluded from the Statement