2.40 How can the template be used for the preparation of financial statements for entities not included in the predefined list of the template?
A. The template accommodates the preparation of financial statements for entities not in the predefined list as follows:
Entry table - Select Change TEXT repeated numerous times in FS
The sections ‘ENTITY’, ‘BOARD’ and STANDARDS AND LAWS in the entry table include cells that refer to the name of the entity the description of the Board of the entity and the description of the applicable laws for the entity. These cells should be amended accordingly to be suitable for the particular entity and this will update all relevant references in the financial statements document.
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