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- How to show hide prior year figures throughout the accounts
Click here for guidance on showing hiding the prior year on a single note statement
- Caseware Working Papers | How to determine the years to be disclosed
On the IFRS for SME and GRAP templates, you can disclose up 2 years’ financial information and on the full IFRS template up to 3 years To determine the number of years in your set of financial statements and notes:
- Exclude prior year information from the financial statements
The prior year information is no longer available in the financial statement tables Select the Show prior year check box to show the prior year information again in all areas of the statement
- Data Reporting - Caseware Corporate
Financials can report on annual, quarterly and half-yearly data Choosing a reporting period other than yearly provides options for the comparative reporting These options include: Preceding period – Comparative data presented will be the period immediately preceding the current reporting period
- Prior year adjustments - Caseware Corporate
To adjust the comparative figures, create another adjusting journal for the prior year 1 Click on Adj Entries 2 Select New 3 Change the date entered is the prior year end date to make this a prior year-adjusting entry
- How to create Prior Year Adjusting Entries - Caseware
Step 1: Open the 'Adjusting Journal Entries' screen Step 2: Click the New Entry button to create a new 'Adjusting Journal Entry' Step 3: Enter or select the appropriate prior year date from the Date picklist Step 4: Complete the remaining details for the journal entry Note: Do not use Prior Period as the 'Period Type'
- Edit table columns in the financial statements - Caseware Corporate
Percent variance - percentage difference between prior year balance and current year balance If you choose this column type, you can also select the number of decimal places to display in the column
- Caseware Community - Getting Started with CaseWare
When a year-end close is performed, the client’s file is rolled over to the following year and a new file is created No changes are however made to the original file Roll the current year balances in the Working Trial Balance forward into the prior year to show comparative figures
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