Amendments to IFRS require companies to provide information about changes in their financing liabilities. The changes were designed in response to requests from investors for information about changes in a company's debt.
The International Accounting Standards Board (IASB) issued the changes to IAS 7, Statement of Cash Flows. The amendments address evaluation of changes in liabilities arising from financing activities, including changes from cash flows and noncash changes such as foreign exchange gains or losses.
The changes are part of an initiative the IASB has undertaken to improve the effectiveness of disclosures in financial reports. The amendments take effect for annual periods beginning on or after Jan. 1, 2017.