November 2023
After the implementation in the US by FASB in December 2022, the International Accounting Standards Board finalized the project to improve transparency in reporting on so-called Supplier Finance Arrangements in May 2023.
Therefore, the new supplementary regulations to IFRS 7 (Financial Instruments) and IAS 7 (Statement of Cash Flows) are mandatory from 2024.
We have interpreted the most important changes of the new disclosure requirements for you within the framework of Supply Chain Finance. In addition, we provide you with an example report which we will share with you after the end of the fiscal year 2023.
We are happy to assist you with any questions about the new regulations. Contact our working capital experts