Exercises and case studies
75 solved exercises and case studies from the book. Work on the statement first, then open the solution.
Chapter 2 · IFRS 18 Presentation and Disclosure in Financial Statements
Chapter 3 · IAS 7 Statement of Cash Flows
Chapter 6 · IAS 33 Earnings per Share
Chapter 7 · IAS 34 Interim Financial Reporting
- 9.1 Exercise 1 – Periods to be presented
- 9.2 Exercise 2 – Quarterly tax and change in estimated rate
- 9.3 Exercise 3 – Inventories: write-downs and reversals
- 9.4 Exercise 4 – Two levies and IFRIC 21
- 9.5 Exercise 5 – Goodwill and IFRIC 10
- 9.6 Exercise 6 – Change in estimate or in policy?
- 9.7 Exercise 7 – Comprehensive case: Delta
- 9.8 Exercise 8 – Condensed statement of cash flows in three lines
- 9.9 Exercise 9 – True or false (justify)
Chapter 8 · IFRS 8 Operating Segments
Chapter 9 · IAS 24 Related Party Disclosures
Chapter 10 · IFRS 1 First-time Adoption of International Financial Reporting Standards
Chapter 12 · IAS 16 Property, Plant and Equipment
- 8.1 Exercise 1 – Component depreciation
- 8.2 Exercise 2 – Revaluation and transfer of the surplus
- 8.3 Exercise 3 – Decommissioning
- 8.4 Exercise 4 – Change in a decommissioning liability (cost model, IFRIC 1)
- 8.5 Exercise 5 – Revaluation model: four independent situations
- 8.6 Exercise 6 – True or false (justify)
- 8.7 Exercise 7 – Stripping costs of a quarry (IFRIC 20)
Chapter 13 · IAS 23 Borrowing Costs
Chapter 14 · IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
Chapter 18 · IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
Chapter 22 · IAS 12 Income Taxes
- 16.1 Exercise 1 – Tax base and temporary differences
- 16.2 Exercise 2 – Deferred tax on depreciation
- 16.3 Exercise 3 – DTA on tax losses
- 16.4 Exercise 4 – IFRIC 23
- 16.5 Exercise 5 – Decommissioning (2023 version)
- 16.6 Exercise 6 – Lease contract
- 16.7 Exercise 7 – Rate reconciliation
- 16.8 Exercise 8 – Pillar Two (discussion question)
- 16.9 Exercise 9 – Top-up tax (Pillar Two)
- 16.10 Exercise 10 – Change in rate and OCI
- 16.11 Exercise 11 – Share-based payment
Chapter 25 · IFRS 9 · IAS 32 · IFRS 7 Financial Instruments
- 13.1 Exercise 1 – Debt or equity?
- 13.2 Exercise 2 – Amortised cost
- 13.3 Exercise 3 – Non-substantial modification with fees
- 13.4 Exercise 4 – Convertible bond
- 13.5 Exercise 5 – Debt extinguished by issuing shares
- 14.1 Exercise 1 – Classifying six financial assets
- 14.2 Exercise 2 – Amortised cost of a purchased bond
- 14.3 Exercise 3 – The three impairment stages
- 14.4 Exercise 4 – Renegotiating a loan: modification or extinguishment?
- 14.5 Exercise 5 – Cash flow hedge: the lower-of test
Chapter 28 · IAS 29 Financial Reporting in Hyperinflationary Economies
Chapter 30 · IFRS 3 Business Combinations
Chapter 31 · IFRS 11 Joint Arrangements
Chapter 32 · IFRS 12 Disclosure of Interests in Other Entities
Chapter 33 · IAS 27 Separate Financial Statements
Chapter 34 · IAS 28 Investments in Associates and Joint Ventures
Chapter 36 · IAS 41 Agriculture
Chapter 38 · IFRS 14 Regulatory Deferral Accounts
Chapter 39 · IAS 26 Accounting and Reporting by Retirement Benefit Plans
- 8.1 Exercise 1 – Classifying plans
- 8.2 Exercise 2 – Statement of changes in net assets
- 8.3 Exercise 3 – Excess or deficit depending on the basis
- 8.4 Exercise 4 – Security with a fixed redemption value
- 8.5 Exercise 5 – 5% threshold and employer securities
- 8.6 Exercise 6 – True or false (justify)
- 8.7 Exercise 7 – Plan sponsored by an association