Change classification matrix
Change 1 — van useful life
Policy, estimate or error? Reasoned sorting of ten changes in a distribution SME · Situation 1 of 3
≈ 30 minIAS 8 Accounting Policies, Changes in Accounting Estimates and Errors — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
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(4)
Foundation Foundation Change classification matrix
Change 4 — December 20X4 rent
Policy, estimate or error? Reasoned sorting of ten changes in a distribution SME · Situation 2 of 3
≈ 30 minFoundation Change classification matrix
Change 9 — supplier dispute
Policy, estimate or error? Reasoned sorting of ten changes in a distribution SME · Situation 3 of 3
≈ 30 minFoundation Change in estimate: prospective calculation
Revision of the useful life and residual value of a vehicle fleet
≈ 35 min
L2Intermediate(2)
Intermediate Retrospective restatement schedule
Provision omitted and discovered the following year: restatement of comparatives and tax effect
≈ 50 minIntermediate IAS 8 disclosure checklist
Provision omitted and discovered the following year: restatement of comparatives and tax effect
≈ 30 min
L3Advanced(4)
Advanced Retrospective restatement schedule
Voluntary change in the inventory cost formula: justification, restatement and disclosures
≈ 50 minAdvanced IAS 8 disclosure checklist
Voluntary change in the inventory cost formula: justification, restatement and disclosures
≈ 30 minAdvanced Impracticability memo
Historical data lost: impracticability, earliest practicable period and no use of hindsight
≈ 45 minAdvanced Retrospective restatement schedule
Historical data lost: impracticability, earliest practicable period and no use of hindsight
≈ 50 min
L4Expert(17)
Expert Accounting policy memo
Group policy — certificates
Transaction with no applicable standard: developing and documenting an accounting policy · Situation 1 of 2
≈ 40 minExpert Accounting policy memo
Halvenor Sud certificate purchases
Transaction with no applicable standard: developing and documenting an accounting policy · Situation 2 of 2
≈ 40 minExpert Change classification matrix
Item (a) — loss allowance
Receivables impairment: change in technique, revision of a provision or error? Classification and disclosure · Situation 1 of 3
≈ 30 minExpert Change classification matrix
Item (b) — returns provision
Receivables impairment: change in technique, revision of a provision or error? Classification and disclosure · Situation 2 of 3
≈ 30 minExpert Change classification matrix
Item (c) — credit note of 26,000
Receivables impairment: change in technique, revision of a provision or error? Classification and disclosure · Situation 3 of 3
≈ 30 minExpert Change in estimate: prospective calculation
Revision (a) — loss allowance
Receivables impairment: change in technique, revision of a provision or error? Classification and disclosure · Situation 1 of 2
≈ 35 minExpert Change in estimate: prospective calculation
Revision (b) — returns provision
Receivables impairment: change in technique, revision of a provision or error? Classification and disclosure · Situation 2 of 2
≈ 35 minExpert Change classification matrix
Point (a) — supplier rebates
Review file of accounting changes and restatements of a retail group · Situation 1 of 4
≈ 30 minExpert Change classification matrix
Point (b) — cost formula
Review file of accounting changes and restatements of a retail group · Situation 2 of 4
≈ 30 minExpert Change classification matrix
Point (d) — racking
Review file of accounting changes and restatements of a retail group · Situation 3 of 4
≈ 30 minExpert Change classification matrix
Point (e) — carrier dispute
Review file of accounting changes and restatements of a retail group · Situation 4 of 4
≈ 30 minExpert Retrospective restatement schedule
Group restatement — 20X4
Review file of accounting changes and restatements of a retail group · Situation 1 of 2
≈ 50 minExpert Retrospective restatement schedule
Vasquerel Jardin — 1 January 20X5
Review file of accounting changes and restatements of a retail group · Situation 2 of 2
≈ 50 minExpert Change in estimate: prospective calculation
Review file of accounting changes and restatements of a retail group
≈ 35 minExpert Impracticability memo
Review file of accounting changes and restatements of a retail group
≈ 45 minExpert IAS 8 disclosure checklist
Review file of accounting changes and restatements of a retail group
≈ 30 minExpert Accounting policy memo
Review file of accounting changes and restatements of a retail group
≈ 40 min