IASB increases transparency of companies’ supplier finance

The International Accounting Standards Board (IASB) recently issued disclosure requirements to enhance the transparency of supplier finance arrangements and their effects on a company’s liabilities, cash flows and exposure to liquidity risk. This amendment, Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7), becomes effective as follows:

  • IAS 7 amendments: An entity shall apply those amendments for annual reporting periods beginning on or after 1 January 2024, with early application permitted
  • IFRS 7 amendments: An entity shall apply that amendment when it applies the amendments to IAS 7.

IFRS digital subscribers, and IFRS digital and print subscribers may download the document from the following link: