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WorkpaperIAS 7 — Statement of Cash FlowsL1 · L2 · L3

Cash flow classification matrix

22 missions9 sections to document25 min
Prepared by
AI-assisted draft
Reviewed by
Not reviewed — human review required
Status
Published

Objective 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, split a single payment into its components where needed, apply the entity's method for interest, dividends and taxes and the conditions for net presentation, then justify the classification and the disclosures.

9 sections · 23 blocks · 2 calculations · 0 entries

  • IAS 7 §6
  • IAS 7 §9
  • IAS 7 §14
  • IAS 7 §15
  • IAS 7 §16
  • IAS 7 §17
  • IAS 7 §43
  • IAS 7 §12
  • IAS 7 §21
  • IAS 7 §22
  • IAS 7 §23
  • IAS 7 §23A
  • IAS 7 §31
  • IAS 7 §33
  • IAS 7 §34
  • IAS 7 §35
  • IAS 7 §36
  • IAS 7 §37
  • IAS 7 §38
  • IAS 7 §42A
  • IAS 7 §42B
  • IAS 7 §11
  • IAS 7 §32

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.

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

File and entity
Fifteen transactions to classify: operating, investing, financing or outside the statement
Case tasks documented here
  • Classify the fifteen transactions and identify those that do not appear in the statement.
  • Split the loan instalment and the rent between interest and principal.
1

Inputs

Inputs

  • Transaction examined: facts, counterparty, date and means of settlement

    TextRequired

    BANK_LOAN_INSTALMENT

  • The entity's principal revenue-producing activities

    Text

    DISTRIBUTION_OF_HANDLING_EQUIPMENT

  • Classification methods applied in prior periods

    Text

    INTEREST_PAID_OPERATING_DIVIDENDS_PAID_FINANCING

  • Amount received or paid

    Number

    130,000

    Case data: amount actually received or paid; a non-cash transaction has a nil amount and is disclosed under para. 43.

  • Interest portion included in the payment

    Number

    30,000

  • Gross receipts of the category

    Number

  • Gross payments of the category

    Number

2

Supporting evidence

Evidence

  • Evidence obtained and referenced (category, document reference)

    EvidenceRequired

3

Definitions and examples of the activities

Analysis

IAS 7 §6IAS 7 §9IAS 7 §14IAS 7 §15IAS 7 §16IAS 7 §17IAS 7 §43

  • Points reviewed

    ChecklistRequired

    • Inflow or outflow of cash or cash equivalents (not an internal movement)
    • Principal revenue-producing activities and residual activities
    • Securities and loans held for dealing or trading: operating
    • Expenditures resulting in a recognised asset; disposals; loans to third parties
    • Equity, borrowings, repayments, principal portion of lease payments
    • Non-cash transaction: excluded from the statement
4

Specific cash flows (wording before IFRS 18)

Analysis

IAS 7 §12IAS 7 §21IAS 7 §22IAS 7 §23IAS 7 §23AIAS 7 §31IAS 7 §33IAS 7 §34IAS 7 §35IAS 7 §36IAS 7 §37IAS 7 §38IAS 7 §42AIAS 7 §42B

  • Points reviewed

    ChecklistRequired

    • Single payment split between interest and principal
    • Classification options for interest and dividends, applied consistently
    • Taxes in operating unless specifically identified
    • Net presentation: on behalf of customers or quick turnover, large amounts, short maturities
    • Equity-accounted investees: only cash flows with the investee
    • Changes in ownership without loss of control: financing
5

Split and net amount (wording before IFRS 18)

Calculations

IAS 7 §12IAS 7 §22

  • Amount excluding the interest portion (principal of a repayment)

    Calculation

    100,000

    Amount received or paid ; − Interest portion included in the payment

  • Net cash flow of the category (where net presentation is permitted)

    Calculation

    0

    Gross receipts of the category ; − Gross payments of the category

6

Classification (wording before IFRS 18)

Judgment

IAS 7 §6IAS 7 §11IAS 7 §31IAS 7 §33IAS 7 §34IAS 7 §35IAS 7 §36IAS 7 §22

  • Classification of the transaction

    JudgmentRequired

    Split between several activities

    Operating activities / Investing activities / Financing activities / Split between several activities / Not a cash flow of the statement (non-cash or internal movement)

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

  • Interest and dividends: method applied (wording before IFRS 18)

    JudgmentRequired

    Operating under the entity's method

    Operating under the entity's method / Investing under the entity's method / Financing under the entity's method / Not applicable

    Professional judgement within limits: the entity's method (case data) is one of the options in para. 33 and 34 (wording before IFRS 18); it is applied consistently (para. 31).

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

  • Income taxes (wording before IFRS 18)

    JudgmentRequired

    Not applicable

    Operating (general case) / Specifically identified with investing / Specifically identified with financing / Not applicable

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

  • Gross or net presentation

    JudgmentRequired

    Gross (conditions for net not met)

    Gross (conditions for net not met) / Net: cash flows on behalf of customers / Net: quick turnover, large amounts, short maturities / Not applicable

    Rule: investing and financing cash flows are presented gross, except cash flows on behalf of customers or with quick turnover, large amounts and short maturities (para. 21 and 22).

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

7

Presentation and disclosures (wording before IFRS 18)

Disclosure

IAS 7 §31IAS 7 §32IAS 7 §35IAS 7 §36IAS 7 §43

  • Points reviewed

    ChecklistRequired

    • Interest and dividends received and paid presented separately
    • Total interest paid, including interest capitalised
    • Income tax cash flows presented separately
    • Total taxes paid disclosed if split
    • Non-cash transactions disclosed elsewhere
8

Conclusion

Conclusion

  • Classification, presentation and points submitted to the reviewer

    ConclusionRequired

9

Normative references

References

  • Paragraphs cited in this workpaper (verification status shown from the register)

    References

10

Checks and financial statement impact

  • Classification documentedPass
  • Interest and dividends method reviewedPass
  • Taxes reviewedPass
  • Gross or net presentation reviewedPass
Assets
0
Liabilities
0
Profit or loss
0
OCI
0
Equity
0