Draft of a new version of the IAS 1-M1 module

The module deals with the accounting treatment of reverse factoring transactions under IFRS and addresses questions of doubt in this context.

On 25 May 2023, the IASB published the ‘Amendments to IAS 7 and IFRS 7 - Supplier Finance Arrangements’, which contain clarifications and new disclosure requirements for supplier finance arrangements (including reverse factoring arrangements). Consequently, the IAS 1-M1 module was amended.

Comments on the draft are requested by 16 August 2024. The press release is available here and the draft module is available here.