3.00 What are the different “Date” fields in the “Entry table” and how do these affect the financial statements?

3.00 1

A. The different Date fields in the “Entry table” and their effect on the financial statements are explained in the table here below:

Field	Effect on the financial statements
FS YEAR	This shows the financial year and is automatically updated from the file engagement properties.
Balance sheet dates	This is text fields showing the year in “0000” format automatically updated from the file engagement properties. This will be the heading of the balance sheet columns and all the notes showing balances as at the reporting period end. These fields format may be changed from “0000” to specific date format such as “31.12.2008” if required.
Show opening position in long notes eg PPE	“Long” notes are notes which show the opening position two years back and movement through to prior period end and the current period end. In some cases where the entity starts operations through the acquisition of another on-going business then the user may choose to show the opening comparative balances in these notes even though the movement in comparatives is hidden.
Income statement header – current period	This is text field gives the current year period end and is automatically updated from the file engagement properties. This will be part of the heading of the Income statement and will be used extensively throughout the document where reference is made to the current period end. In cases where the current period is not a full year the wording changes from “year ending” to “period from … to …”
Income statement columns	This is text fields showing the year in “0000” format automatically updated by the corresponding “Format year option” being selected. This will be the heading of the Income statement and cash flow statement columns and their corresponding notes showing income and expenses for the reporting periods. These fields format may be changed from “0000” to specific date format such as “01.01.2008 to 31.12.2008” if required.
1st and last day of the current and comparative period	This is text fields comprise the corresponding date references in words format used throughout the document
Long date format with a comma	Dates in text paragraphs are presented with a comma after the month as follows: ‘31 December, 2010’
Date of signature	This is text field denotes the date of signature of the financial statements and appears in the ‘Report of the Board of Directors’ and the ‘Statement of financial position’. This date is linked to the date in the ‘Auditor's report’, the ‘Minutes of the Shareholders Annual General Meeting and the ‘Management representation letter. Even though the dates in all the above are linked to the date of signature entered above, they may be independently changed if appropriate.