IAS 7 generally allows major classes of operating, investing, and financing cash flows to be reported on a net basis.

Name: IAS 7 generally allows major classes of operating, investing, and financing cash flows to be reported on a net basis.
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IAS 7 requires that the major classes of gross cash receipts and gross cash payments arising from operating, investing, and financing activities must be reported separately, rather than on a net basis, except in limited circumstances.

IAS 7 Generally Allows Major Classes of Operating, Investing, and Financing