The Italian accounting standards setter (OIC) has released the official new version of OIC 10 dedicated to Cash flow statement.
The new changes, deriving from the introduction of Legislative Decree n. 139/2015 into our legislation, aim to allign the discipline of cash flow statement to the new legal requirements (for all entities except those classified as small or micro), bringing it much closer to the International accounting standard framework.
The new standard will apply to financial statements, drawn up according to the requirements of the Civil Code, starting from 1 January 2016.
PDF version of the new standard can be downloaded at the following link: 2016-12-OIC-10-Rendiconto-finanziario