IAS 7 · Workpapers (Step 4 of 5)
Workpaper assignment
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Version of this content
IAS 7 Statement of Cash Flows — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
Cash flow classification matrix: Payments to the bank
A distributor's reverse factoring programme: qualification and disclosures
Section 1 of 8
Objective
Section brief
- What to document
- The engagement, its scope and the working mode chosen.
- Why
- A workpaper answers one precise question: framing it avoids off-topic work.
- How
- Read the objective and the assignment, then choose the mode (guided, semi-guided, professional).
- Expected result
- You know which question the workpaper must settle, and for which reporting date.
- Your role
- Preparer of the IAS 7 workpaper
- Level
- Expert
- Estimated time
- ≈ 25 min
- Progress
- 0 / 4 steps done (review excluded)
Context
Fontrevel Distribution SA (fictitious entity) distributes household equipment. Since 20X3, its suppliers have been able to sell their invoices to Banque Orsanne under a programme set up by Fontrevel. The audit committee asks for a full note for the 20X5 financial statements.
Assignment
Cash flow classification matrix
Purpose of the workpaper
For each transaction of the period (one instance per transaction), describe the facts and the amount paid or received, check whether it is a cash flow, apply the definitions and examples of the three activities, split a single payment into its components where needed, apply the entity's method for interest, dividends and taxes and the conditions for net presentation, then justify the classification and the disclosures.
Questions of the file covered by this workpaper
- How should the programme liabilities and the payments to the bank be classified?
Documents in the file
Open the documents to pick out the relevant information.