IAS 34 — Interim Financial Reporting
Modules of the standard
- Concepts29 publishedNormative and pedagogical mapping.
- Questions52 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers3 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)11 publishedLesson explanations, chapter by chapter.
Practical cases
- Quarterly report of a listed company: publication not imposed by the standard, minimum content, condensed statements and periods presentedL1Beginner
- Year-to-date measurement: same policies, seasonal revenues, uneven costs, estimates and materialityL2Intermediate
- Interim income tax: estimated annual effective rate, year-to-date and period charge, and revision of the rate during the yearL3Advanced
- Change in accounting policy and change in estimate: restatement of interim periods, significance and information in the annual notesL3Advanced
- Third-quarter report of a listed group: goodwill impairment not reversed, fair value, notes, earnings per share, compliance statement and follow-up of IFRS 18L4Expert
- 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)L4Expert
Workpapers
- Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events
- Income tax of an interim period: estimated annual effective rate, year-to-date and period charge, revision of the rate and entries
- Bridge between year-to-date and period: seasonal revenues, uneven costs, change in accounting policy and change in estimate in the final interim period
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Who publishes and under what statement
- The standard does not make publication mandatoryCore2 questions
- The statement of compliance with IAS 34Important1 question
The content of the interim report
- Complete or condensed setCore1 question
- The minimum components of a condensed reportCore3 questions
- Headings and subtotals of condensed statementsCore2 questions
- Interim earnings per shareCore2 questions
- The selected explanatory notesCore2 questions
- Significant events and transactionsImportant2 questions
- The further minimum disclosuresAdvanced1 question
The periods presented
- The statement of financial position and its comparativeCore2 questions
- Comprehensive income: period, year to date and comparativesCore3 questions
- Equity and cash flows on the year to dateCore1 question
- Materiality in interim reportingImportant2 questions
- The change in estimate in the final interim periodImportant2 questions
Recognition and measurement in interim reporting
- The same policies as annuallyCore2 questions
- Year-to-date measurementCore4 questions
- No deferral of a cost that is not an assetImportant1 question
- Seasonal revenueCore2 questions
- Costs incurred unevenlyImportant2 questions
- The use of estimatesImportant1 question
Interim income tax
- Tax at the estimated annual effective rateCore3 questions
- The components of the estimated rateAdvanced1 question
- Revising the estimated rate during the yearImportant2 questions
Changes in accounting policy
- Change in policy and restatementImportant2 questions
Links with other standards
- Goodwill: no reversal of an interim lossImportant2 questions
- Link with IAS 33: earnings per shareAdvanced1 question
- Link with IAS 12: current and deferred taxAdvanced1 question
- Links with IFRS 7 and IFRS 13: fair valueAdvanced1 question
- Context: IFRS 18Specialised1 question