BC8A In July 2024, the IASB issued Annual Improvements to IFRS Accounting Standards-Volume 11, which amended paragraph 37 of IAS 7 to replace the term 'cost method' with 'at cost'. The IASB had removed the definition of 'cost method' from IFRS Accounting Standards in May 2008 when it issued Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate. However, at that time, the IASB had not amended paragraph 37 of IAS 7.
Version date: 18 July 2024 - onwards
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