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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 7L4 · Expert

Documents

Comparative consolidated statements of financial position

Schedule

Comparative consolidated statements of financial position

Hestrel group, at 31 December 20X7 then 20X8 (EUR). Assets: property, plant and equipment 8,400,000 and 9,890,000; right-of-use assets 1,200,000 and 1,320,000; goodwill 900,000 and 2,030,000; investment in Lysandre Logistique (associate, equity method) 1,100,000 and 1,160,000; six-month term deposit: nil and 300,000; inventories 3,100,000 and 3,600,000; trade receivables 2,600,000 and 3,050,000; cash and cash equivalents in assets 1,350,000 and 1,130,000; total 18,650,000 and 22,480,000. Liabilities and equity: bank borrowings 4,000,000 and 6,450,000; bank overdrafts 150,000 and 280,000; lease liabilities 1,250,000 and 1,300,000; trade and other payables 2,900,000 and 3,380,000; current tax payable 180,000 and 230,000; interest payable 40,000 and 55,000; provisions 300,000 and 360,000; share capital and premium 3,000,000 and 3,600,000; non-controlling interests 400,000 and 180,000; retained earnings 6,430,000 and 6,645,000.

Analysis of cash and cash equivalents: Cash at the end

File for preparing the consolidated statement of cash flows of a retail group

12 documents8 sections to document
0 / 5 sections completed
Guided mode

Section 1 of 8

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
Expert
Estimated time
≈ 40 min
Progress
0 / 4 steps done (review excluded)

Context

The Hestrel group (fictitious entity, DIY and garden retail) is closing its 20X8 consolidated financial statements. The year combines the acquisition of Brivaldi SAS, the disposal of Hestrel Atlantique, a purchase of non-controlling interests, new leases, a dollar loan, a US subsidiary, trapped cash and a supplier finance programme. The draft statement does not reconcile with cash. You prepare the file, submitted to the reviewer before sign-off. Teaching simulation: the review trail of the file (preparation, reviewer notes and final sign-off) is simulated for demonstration purposes; it is neither a real review nor a validation of the content.

Assignment

Analysis of cash and cash equivalents

Purpose of the workpaper

From the bank statements and confirmations, the features of the investments and the overdraft agreements, qualify each balance (cash, cash equivalent, excluded investment, overdraft that is part of cash management or financing), determine closing cash and cash equivalents, compute the effect of exchange rate changes, reconcile opening and closing cash with the net change in the statement, identify balances that are not available for use and prepare the note on the components.

Questions of the file covered by this workpaper

  • Qualify the components of cash and the unavailable balances.
  • Determine cash and cash equivalents at the beginning and at the end.
  • Compute the effect of exchange rate changes on cash.
  • Reconcile cash.

Documents in the file

Open the documents to pick out the relevant information.

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