How to use Financial Statements for Periodic Reporting?

Published: 29/03/2021

How do I report for a Quarter YTD [Year to date] against last year full year YTD?

Instructions:

In order to use this feature, you will need to import the required information, follow the steps below:

Step 1: Ensure your Engagement properties are correctly configures:

Current Period Date Sequence correctly selected,
Select the last period in the sequence selected, e.g. for Monthly =12; Quarterly = 4

Step 2: Import the relevant information into the Working Trial Balance to the correct periods

Best Practice is; import monthly data; Trial balances YTD, else Opening balance and movements

Step 3: Open the Financial Statements and configure the column settings
NOTE: Always set the prior year column to the last period available

IAS34 Interim Reporting is currently supported as an add-on to the IFRS template

Step 4: Open the Information Store and configure the column settings
NOTE: Always set the prior year column to the last period available

Step 5: Print previewing your financials should return the expected results

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Financial Statements | iXBRL | What's New Financial Statements | iXBRL | How do I complete the submission to CIPC, after exporting to the document manager? How to resolve a utilities script error on Integration of Financial Statement Components Audit International | Creating a new engagement file (Including the Financial Statements Integration process) XBRL Lite | How to create a new file when using XBRL Lite view all...

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