The IASB recently published Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7). The amendments are intended to enable users of financial statements to assess the effects of an entity’s supplier finance arrangements on the entity’s liabilities and cash flows and on the entity’s exposure to liquidity risk. The amendments require an entity to provide specific qualitative and quantitative disclosures related to its supplier finance arrangements. The amendments are effective for annual reporting periods beginning on or after 1 January 2024, with earlier application permitted.
