AASB 107/IAS 7 does not require, but encourages, the disclosure of:
I. The name(s) of the entity's bankers.
II. The aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity.
III. The amount of the cash flows arising from the operating, investing and financing activities of each reportable segment.
IV. The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions on the use of these facilities.
A) I, II and IV.
B) I, III and IV.
C) II, III and IV.
D) I, II and III.

Question

Quizplus · Accepted Answer

II, III, and IV are encouraged disclosures under AASB 107/IAS 7, focusing on providing more detailed information about cash flows and available borrowing facilities, which can be useful for users of financial statements to understand the entity's financial flexibility and operational capacity. The standard does not mention disclosing the names of the entity's bankers.

AASB 107/IAS 7 Does Not Require, but Encourages, the Disclosure