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IAS 7Workpapers (Step 4 of 5)

Workpaper assignment

Step 4 of 5

Version of this content

IAS 7 as amended by IFRS 18

Applies to annual periods beginning on or after January 1, 2027. Early application permitted. Only together with early application of IFRS 18, which is permitted and must be disclosed (IFRS 18, para. C1).

Mission · workpaperWorkpaper · IAS 7L1 · Fundamental

Documents

List of cash transactions 20X8

Schedule

List of cash transactions 20X8

List of cash transactions 20X8 (EUR): (1) receipts from sales 2,400,000; (2) payments to suppliers 1,520,000; (3) salaries paid 430,000; (4) purchase of a warehouse paid in cash 600,000; (5) sale of a used truck from the internal fleet 18,000; (6) purchase of a long-term minority stake in a supplier, not for dealing 120,000; (7) drawdown of a bank loan 400,000; (8) loan instalment paid 130,000; (9) issue of shares for cash 250,000; (10) dividends paid 80,000; (11) income tax instalments 70,000; (12) rent under a vehicle lease 30,000; (13) placement of surplus cash in a money market fund 150,000.

Cash flow classification matrix: Conversion of bonds into shares

Fifteen transactions to classify: operating, investing, financing or outside the statement

4 documents7 sections to document
0 / 4 sections completed
Guided mode

Section 1 of 7

Objective

In progress
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
Foundation
Estimated time
≈ 25 min
Progress
0 / 3 steps done (review excluded)

Context

Lunadis Équipements SAS (fictitious entity) distributes and services handling trucks. Its accountant is preparing the first statement of cash flows for 20X8 from the list of cash transactions. You help classify each transaction.

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, identify the flows of a single payment that may be classified differently, apply the classification rules for interest, dividends and taxes (entity status given by the case) and the conditions for net presentation, then justify the classification and the disclosures.

Questions of the file covered by this workpaper

  • Classify the fifteen transactions and identify those that do not appear in the statement.
  • Identify the interest element of the loan instalment and of the rent, and the related principal.

Documents in the file

Open the documents to pick out the relevant information.

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View the workpaper template