Financial Instruments Disclosures (IFRS 7/AASB 7)

Corporate Reporting Insights

BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.

• Tier 2 disclosures for supplier finance arrangements (April 2024)
• IASB approves changes to the accounting for supplier finance arrangements (June 2023)
• More disclosures proposed for supplier finance arrangements (December 2021).

BDO Global IFRS Resources

The following publications have been produced by the BDO Global IFRS group:

► IFRS at a Glance

A high level overview of International Financial Reporting Standards (IFRSs), including International Accounting Standards and Interpretations.

• IFRS 7 Financial Instruments: Disclosures
• IFRS 7 Financial Instruments: Disclosures (refer Appendix 1 – as amended for IFRS 18).

► IFR Bulletins

Focus on the latest developments in international financial reporting.

• IASB issues amendments to the classification and measurement of financial instruments (IFRB 2024 07)
• IASB issues amendments to IAS 7 & IFRS 7 – Supplier finance arrangements (IFRB 2023 05).

IFRIC agenda decisions

IFRS Interpretations Committee (the Committee) agenda decisions are those issues that the Committee decided not to take onto its agenda. Although not authoritative guidance, in practice they are regarded as being highly persuasive, and all entities reporting under IFRS should be aware of these decisions because they could impact the way particular transactions and balances are accounted for. Agenda decisions on this topic include:

• Supply chain financing (reverse factoring) arrangements (December 2020) and eLearning and FAQ.