IAS 34Interim Financial Reporting

Workpapers

Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.

How a mission works

Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.

1Objective
2Data
3Documents
4Analysis
5Calculation
6Entries
7Judgment
8Conclusion
9References

L1Foundation(2)

Foundation
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Components and headings of the draft
Quarterly report of a listed company: publication not imposed by the standard, minimum content, condensed statements and periods presented · Situation 1 of 2
≈ 60 min
Foundation
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Periods and nine-month total
Quarterly report of a listed company: publication not imposed by the standard, minimum content, condensed statements and periods presented · Situation 2 of 2
≈ 60 min

L2Intermediate(2)

Intermediate
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Second-quarter revenue
Year-to-date measurement: same policies, seasonal revenues, uneven costs, estimates and materiality · Situation 1 of 2
≈ 75 min
Intermediate
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Half-year profit before tax
Year-to-date measurement: same policies, seasonal revenues, uneven costs, estimates and materiality · Situation 2 of 2
≈ 75 min

L3Advanced(7)

Advanced
Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
First quarter — estimated rate
Interim income tax: estimated annual effective rate, year-to-date and period charge, and revision of the rate during the year · Situation 1 of 3
≈ 75 min
Advanced
Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
Second quarter — revised rate
Interim income tax: estimated annual effective rate, year-to-date and period charge, and revision of the rate during the year · Situation 2 of 3
≈ 75 min
Advanced
Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
Third quarter — revised rate
Interim income tax: estimated annual effective rate, year-to-date and period charge, and revision of the rate during the year · Situation 3 of 3
≈ 75 min
Advanced
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Finished goods — first quarter
Change in accounting policy and change in estimate: restatement of interim periods, significance and information in the annual notes · Situation 1 of 4
≈ 75 min
Advanced
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Finished goods — second quarter
Change in accounting policy and change in estimate: restatement of interim periods, significance and information in the annual notes · Situation 2 of 4
≈ 75 min
Advanced
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Spare parts
Change in accounting policy and change in estimate: restatement of interim periods, significance and information in the annual notes · Situation 3 of 4
≈ 75 min
Advanced
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Warranty provision — fourth quarter
Change in accounting policy and change in estimate: restatement of interim periods, significance and information in the annual notes · Situation 4 of 4
≈ 75 min

L4Expert(11)

Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Goodwill impairment loss
Third-quarter report of a listed group: goodwill impairment not reversed, fair value, notes, earnings per share, compliance statement and follow-up of IFRS 18 · Situation 1 of 4
≈ 60 min
Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Transfer within the fair value hierarchy
Third-quarter report of a listed group: goodwill impairment not reversed, fair value, notes, earnings per share, compliance statement and follow-up of IFRS 18 · Situation 2 of 4
≈ 60 min
Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Settlement of the supplier dispute
Third-quarter report of a listed group: goodwill impairment not reversed, fair value, notes, earnings per share, compliance statement and follow-up of IFRS 18 · Situation 3 of 4
≈ 60 min
Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Carrying amount of goodwill
Third-quarter report of a listed group: goodwill impairment not reversed, fair value, notes, earnings per share, compliance statement and follow-up of IFRS 18 · Situation 4 of 4
≈ 60 min
Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Components and headings of the draft
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 1 of 2
≈ 60 min
Expert
Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
Carrying amount of goodwill
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 2 of 2
≈ 60 min
Expert
Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
First quarter — estimated rate
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 1 of 2
≈ 75 min
Expert
Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
Second quarter — revised rate
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 2 of 2
≈ 75 min
Expert
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Second-quarter revenue
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 1 of 3
≈ 75 min
Expert
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
First quarter — change of cost formula
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 2 of 3
≈ 75 min
Expert
Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Half-year profit before tax
File on a half-year financial report: content and headings, year-to-date measurement, income tax at the estimated annual rate, change in policy and impaired goodwill (IAS 34) · Situation 3 of 3
≈ 75 min