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IAS 7 Statement of Cash Flows
slide: Welcome
- Associate
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An associate is an entity over which the investor has significant influence.
- Cash
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Cash comprises cash on hand and demand deposits.
- Cash equivalents
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Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
- Cash flows
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Cash flows are inflows and outflows of cash and cash equivalents.
- Consolidated financial statements
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The financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries are presented as those of a single economic entity.
- Demand deposits
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Demand deposits are deposits whereby the entity can withdraw cash without giving notice and without suffering any penalty.
- Equity method
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The equity method is a method of accounting whereby the investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the investee’s net assets. The investor’s profit or loss includes its share of the investee’s profit or loss and the investor’s other comprehensive income includes its share of the investee’s other comprehensive income.
- Financing activities
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Financing activities are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
- Investing activities
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Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.
- Investment entity
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An entity that: (a) obtains funds from one or more investors for the purpose of providing those investor(s) with investment management services; (b) commits to its investor(s) that its business purpose is to invest funds solely for returns from capital appreciation, investment income, or both; and (c) measures and evaluates the performance of substantially all of its instruments on a fair value basis.
- Joint venture
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A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.
- Operating activities
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Operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities.
- Subsidiary
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A subsidiary is an entity that is controlled by another entity.