How to resolve incorrect or blank figures in the financial statements

Published: 16/05/2023

When I open the Annual Financial Statements (AFS), not all the mapped balances are pulling through. How to resolve incorrect figures in the financial statements?

Answer:

To ensure the correct entity's trail balance is pulling through or to eliminate blank figures in the financial statement, follow the steps below:

Save and close your 01.10 Financial Statements document
In Caseware Working Papers, open the Engagement menu | Select Consolidate
In the Consolidate window, select Properties | Set an abbreviation for the entity other than a blank or "0" (zero)
Click OK | Click Apply then OK
Open the 01.10 Financial Statements document again
In the AFS, go to the Options menu | Select Column Settings | Next to entity, open the drop down list and select your newly edited entity
The mapped balances should now populate the AFS

To ensure the correct period is pulling through 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 NOT supported on the Financial Statement 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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