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WorkpaperIFRS 13 — Fair Value MeasurementL3 · L4

Fair value hierarchy classification file

3 missions7 sections to document40 min
Prepared by
AI-assisted draft
Reviewed by
Not reviewed — human review required
Status
Published

Objective of the workpaper

For each measurement (one instance per item), list the inputs, whether each is observable and how much it matters to the measurement, check the criteria of each level, justify the level retained (that of the lowest level input that is significant), then prepare the line of the table by level and the related note.

7 sections · 11 blocks · 0 calculations · 0 entries

  • IFRS 13 §72
  • IFRS 13 §73
  • IFRS 13 §74
  • IFRS 13 §76
  • IFRS 13 §81
  • IFRS 13 §86
  • IFRS 13 §93
  • IFRS 13 §94
  • IFRS 13 §95

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.

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

File and entity
Warranty liability: transfer, own credit risk and classification in the hierarchy
Case tasks documented here
  • Compute the fair value of the warranty.
  • In which level of the hierarchy should the measurement be classified? Justify.
1

Inputs

Inputs

  • Item measured, category and valuation technique

    TextRequired

    GARANTIE_DE_PERFORMANCE_PASSIF_FINANCIER

  • Inputs: nature, observability and significance

    Table

    FLUX_SORTANT_ESTIME · UNOBSERVABLE · YES | TAUX_SANS_RISQUE · OBSERVABLE · NO | ECART_DE_CREDIT_PROPRE · UNOBSERVABLE · NO

  • Fair value measured (amount classified)

    Number

    1,000,000

2

Supporting evidence

Evidence

  • Evidence obtained and referenced (category, document reference)

    EvidenceRequired

3

Analysis of the inputs

Analysis

IFRS 13 §72IFRS 13 §73IFRS 13 §74IFRS 13 §76IFRS 13 §81IFRS 13 §86

  • Points reviewed: criteria of the levels

    ChecklistRequired

    • Unadjusted quoted price of an identical item in an active market
    • Only inputs that are observable, directly or indirectly
    • Adjustments made to observable inputs and their significance
    • Unobservable inputs present in the technique
    • Significance of each input assessed for the measurement as a whole
4

Level retained

Judgment

IFRS 13 §73IFRS 13 §74

  • Level of the hierarchy

    JudgmentRequired

    Level 3

    Level 1 / Level 2 / Level 3

    Professional judgement: the significance of an input to the measurement as a whole is a matter of judgement; the level retained is that of the lowest level input that is significant.

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

5

Table by level

Disclosure

IFRS 13 §93IFRS 13 §94IFRS 13 §95

  • Items of the table line

    ChecklistRequired

    • Category by nature, characteristics and risks
    • Fair value at the end of the period
    • Level of the hierarchy
    • Techniques and inputs of levels 2 and 3
    • Policy for determining the timing of transfers

  • Draft note: line of the table by level

    Text

6

Conclusion

Conclusion

  • Inputs, level retained and table line submitted to the reviewer

    ConclusionRequired

7

Normative references

References

  • Paragraphs cited in this workpaper and their verification status

    References

8

Checks and financial statement impact

  • Level documentedPass
Assets
0
Liabilities
0
Profit or loss
0
OCI
0
Equity
0