Abstract:
MFRS 107 (Malaysian Financial Reporting Standards 107) pertains to the Statement of Cash Flows, which is a key component of financial statements prepared in accordance with the MFRS framework. It is based on the International Accounting Standard (IAS) 7. The main objectives of MFRS 107 is to provide information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows. This information helps users evaluate the entity’s ability to generate cash and its need for cash.
