BC28 In May 2023 the IASB issued Supplier Finance Arrangements (‘the 2023 Amendments’), which amended IAS 7 to require an entity to provide additional disclosures about its supplier finance arrangements. The Agenda Decision Supply Chain Financing Arrangements-Reverse Factoring (published in December 2020 by the IFRS Interpretations Committee) sets out the requirements in IFRS Accounting Standards that were applicable to supplier finance arrangements prior to the 2023 Amendments. The amendments complement the disclosure requirements set out in the Agenda Decision in response to feedback from users of financial statements about the limitations of those requirements. These targeted amendments are intended to enable users to obtain from financial statements information they need to understand the effects of supplier finance arrangements on an entity’s financial statements and to compare one entity with another.