Abstract

PEREZ-PATINO, Meliza; SEPULVEDA-SEPULVEDA, Yarisa  and  CORREA-GARCIA, Jaime Andrés. Cash flow statement profile of Colombian companies under IFRS. Rev.fac.cienc.econ. [online]. 2022, vol.30, n.2, pp.115-138.  Epub Dec 30, 2022. ISSN 0121-6805.  https://doi.org/10.18359/rfce.6435.

The purpose of this article is to analyze how Colombian companies prepare and present the cash flow statement (CFS), which is a useful tool for decision-making in business management and corporate finance. This work is a pioneer in evaluating normative and presentation aspects of the EFE, the flexibility given by the standard for the classification of some items, and the cash flow profiles since IFRS have been applied in Colombia. Supported by a sample of 191 corporate reports of 41 Colombian companies between 2015 and 2019, a content analysis was conducted, whose results revealed that, over time, companies have been increasing the disclosures regarding EFE, in addition to adopting the flexibility options for the presentation of interest and dividends received, interest paid and tax, so that they managed to increase the operating flow and are more attractive to users of the information; Finally, it was found that according to the EFE profile, most of the companies are in a mature stage. This project contributes to the academic literature and professional practice on the EFE and opens the door to future research related to it.

Keywords : cash flow statement; IFRS; cash flow flexibility; cash flow profile.

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