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WorkpaperIAS 34 — Interim Financial ReportingL1 · L2 · L3 · L4

Content of an interim report: components, headings and subtotals, periods presented, year-to-date from the quarters and notes on significant events

8 missions8 sections to document60 min
Prepared by
AI-assisted draft
Reviewed by
Not reviewed — human review required
Status
Published

Objective of the workpaper

Record the components of the report, the headings and subtotals of the latest annual statements and of the condensed statement, the periods and comparatives presented for each statement and the events of the period since the last annual period. Then check each point of the list, compute the year-to-date amount from the quarterly amounts and judge whether the events are significant for the notes. The facts are case data; each conclusion remains a supported judgment and no numeric threshold is imposed.

8 sections · 18 blocks · 1 calculation · 0 entries

  • IAS 34 §8
  • IAS 34 §10

Work this workpaper as a mission

Each case that uses this template opens in the mission workspace: data, analysis, calculation, entries, conclusion and review, with your progress saved.

8 instances from the cases: the calculations and entries below are run by the calculation engine.

File and entity
Quarterly report of a listed company: publication not imposed by the standard, minimum content, condensed statements and periods presented
Case tasks documented here
  • Which minimum components of a condensed report does the draft contain, and which is missing?
  • Does the condensed statement of financial position keep each heading and subtotal of the latest annual statements?
  • What errors does the draft contain on the periods and comparatives presented?
  • Compute the nine-month year-to-date revenue from the quarters.
1

Facts and data

Inputs

  • Components present in the report: statements, notes, choice of a complete or condensed set

    TextRequired

    CONDENSED_SET_WITH_FOUR_OF_THE_FIVE_MINIMUM_COMPONENTS_AND_NO_CASH_FLOW_STATEMENT

  • Headings and subtotals of the latest annual statements and of the condensed statement: lines kept, merged or removed

    Text

    ANNUAL_STATEMENT_WITH_EIGHT_LINES_AND_DRAFT_WITH_FOUR_OF_THEM_KEPT

  • Periods and comparatives presented for each statement: closing dates and durations

    Text

  • Events and transactions of the period since the last annual period: nature, amount, effect on the financial position and performance

    Text

  • Amount of the first quarter

    Number

  • Amount of the second quarter

    Number

  • Amount of the third quarter

    Number

  • Key amount of the review (case data or result of a calculation)

    Number

2

Supporting documents

Evidence

  • Documents obtained and referenced (draft report, latest annual statements, quarterly accounts, minutes)

    EvidenceRequired

3

Analysis of the content and of the periods presented

Analysis

IAS 34 §8IAS 34 §10

  • Points examined: components of the report

    ChecklistRequired

    • Complete or condensed set: the choice is identified and the content follows from it
    • Condensed statement of financial position
    • Condensed statement of comprehensive income (or statement of profit or loss and statement of comprehensive income)
    • Condensed statement of changes in equity
    • Condensed statement of cash flows
    • Selected explanatory notes
    • Report that updates the latest complete set of annual statements

  • Points examined: headings, subtotals and earnings per share

    Checklist

    • Every heading of the latest annual statements is kept
    • Every subtotal of the latest annual statements is kept
    • Lines added where omitting them would make the statements misleading
    • Basic and diluted earnings per share presented where the entity is within the scope of IAS 33

  • Points examined: periods and comparatives presented

    Checklist

    • Financial position at the end of the interim period, compared with the end of the previous year
    • Profit or loss of the interim period and year-to-date, each with its comparative of the previous year
    • Changes in equity year-to-date, with the comparative of the previous year
    • Cash flows year-to-date, with the comparative of the previous year (IAS 34)
4

Calculations

Calculations

IAS 34 §8IAS 34 §10

  • Year-to-date amount (sum of the quarterly amounts)

    Calculation

    0

    Amount of the first quarter ; Amount of the second quarter ; Amount of the third quarter

5

Judgment: significant events and transactions for the notes

Judgment

IAS 34 §8IAS 34 §10

  • Significance of an event or a transaction

    JudgmentRequired

    Not applicable

    Significant to understand the changes since the last annual period: to explain in the notes / Not significant against the data of the period: no dedicated note / Not applicable

    Professional judgment: the list of examples of events is not exhaustive and does not require a disclosure in every case; significance is assessed against the data of the interim period, with no imposed threshold.

  • Rationale: effect on the financial position and performance since the last annual period, compared with the data of the period

    Text

6

Items to document for the notes

Disclosure

IAS 34 §8IAS 34 §10

  • Information to prepare for the notes of the interim report

    Checklist

    • Significant events and transactions since the end of the last annual period
    • Annual notes not repeated as a whole
    • Information of the last annual report affected by these events updated
7

Conclusion

Conclusion

  • Supported conclusion on the components, the headings and subtotals, the periods and comparatives presented, the year-to-date from the quarters and the notes on significant events

    ConclusionRequired

8

Normative references

References

  • Normative references cited in this workpaper

    References

9

Checks and financial statement impact

  • Components of the report describedPass
  • Significance judged and supportedPass
  • Year-to-date = sum of the quarterly amountsNot evaluated
Assets
0
Liabilities
0
Profit or loss
0
OCI
0
Equity
0