A Long Journey to an Uncertain End instal the last version for android

IAS 7 and IAS 1 Presentation of Financial Statements indicate that amounts included in cash and cash equivalents may be subject to restrictions. Paragraph 6 of IAS 7 defines ‘cash’ by stating that it ‘comprises cash on hand and demand deposits.’ IAS 7 includes no other requirements on whether an item qualifies as cash beyond the definition itself.

If the entity were to use the amounts held in the demand deposit for purposes other than those agreed with the third party, the entity would be in breach of its contractual obligation.Ĭash and cash equivalents in the statement of cash flows has a contractual obligation with a third party to keep a specified amount of cash in that separate demand deposit and to use the cash only for specified purposes.holds a demand deposit whose terms and conditions do not prevent the entity from accessing the amounts held in it (that is, were the entity to request any amount from the deposit, it would receive that amount on demand).In the fact pattern described in the request, the entity:

The Committee received a request about whether an entity includes a demand deposit as a component of cash and cash equivalents in its statements of cash flows and financial position when the demand deposit is subject to contractual restrictions on use agreed with a third party. The Committee will consider all comments received in writing up to and including the closing date comments received after that date will not be analysed in agenda papers considered by the Committee.ĭemand Deposits with Restrictions on Use (IAS 7 Statement of Cash Flows)-Agenda Paper 5 We do not normally grant such requests unless they are supported by a good reason, for example, commercial confidence. All comments will be on the public record and posted on our website unless a respondent requests confidentiality and we grant that request. Interested parties may submit comments on the open for comment page. The Committee invites comments on the tentative agenda decisions. The Committee will reconsider these tentative decisions, including the reasons for not adding standard-setting projects, at a future meeting.

The Committee discussed the following matters and tentatively decided not to add standard-setting projects to the work plan.

A Long Journey to an Uncertain End instal the last version for android