Il rendiconto finanziario tra finalità informative e IAS

Abstract

Cash flows statement represents an important tool in the financial analysis and in the body of financial statement.
In the recent years different proposals have been argued, in order to harmonize the financial information. The
IASB (International Accounting Standard Board) has recently proposed a framework (IAS 7) that consider cash
flow analysis based on cash and cash equivalents and suggests three main categories of cash flow numbers: (1)
cash flow from operations; (2) cash flow from investing activities; (3) cash flow from financing activities. However,
this international process has not completely considered some peculiarities of the different accounting system
and some cultural aspect of the Countries involved. About the Italian case we find the prescription of the OIC
(Italian Accounting Board) and some relevant contribution in the literature, concerning the role of specific figures
of working capital and their informative capability.
In this paper we expose and discuss a specific model of cash flow report based on working capital and the forces
that explain the economic and financial dynamic, all related to the net financial position. We argue the main
guidelines proposed by the Italian Accounting Board and the IAS, and combine our proposal with these two. The
analysis is integrated by a brief financial case study.