Executive summary

The SME Financial Statements App 2026.1 (1.2526.0.0) release includes the following
 

Contents

1.  Consolidation and group reporting

The consolidation feature is now available on the SME Financial Statements App. 
Refer to these community articles how to activate and work with the consolidation engagements.
https://success.casewareafrica.com/articles/Knowledge/Engagement-Management
https://success.casewareafrica.com/articles/Knowledge/Cloud-App-Financial-statements

• Consolidation enabled: Grouping structure expanded for goodwill, non-controlling interests, reserves, OCI, and investments.
• Statement updates: Balance sheet, income statement, equity statement, and cash flow worksheet now support group reporting, including attribution between owners and non-controlling interests.
• Consolidation notes:
  • Goodwill (new)
  • Other Comprehensive Income (OCI) (new)
  • Business combinations (new)
  • Sale of subsidiaries (new)
  • Investments in subsidiaries – note and checklist amended (updated)
  • Investments in associates – note and checklist amended (updated)
  • Investments in jointly controlled entities – note and checklist amended (updated)

2.  Improvements on reconciliation

• Reconciliation notes: All major reconciliations (PPE, investment property, biological assets, intangibles, provisions) are now standard dynamic tables, removed from the checklist and updated grouping available. Each includes also an undefined difference row for easier review. This change might result in remapping for these sections if a carry forward engagement is done.
  
• The following notes were updated:
  
  • Property, plant and equipment
    
  • Investment property on the cost model
    
  • Investment property at fair value
    
  • Biological assets on the cost model
    
  • Biological assets at fair value
    
  • Intangible assets
    
  • Provisions
    
• Tax computation: Integrated into the financial statements as a standard area.

3.  Updated compilation documents for consolidation

The compilation checklists are updated to accommodate the consolidation sections.

4.  Other improvements

• Financial statement presentation
  • Balance sheet and other statements: Rebuilt to use grouping-driven layouts for more predictable updates and easier mapping. Subtotals and totals now have consistent formatting. Note references are simplified to show only note numbers.
  • Assurance reports: Audit, review, compilation, and other reports are now embedded as placeholders, allowing for firm-specific content to be added as PDFs.
  • Section labels: Table and paragraphs have a section label. If content is excluded it can easy be identified to be included again.
  • Accounting policies: Moved to the end of each note for improved readability and consistency.
  • Note improvements: Directors’ emoluments and Share-based payments notes rebuilt for clarity and easier review. All notes have improved headings, labels, and formatting.
  • Tax computation: Integrated into the financial statements as a standard area.
• 101 Engagement setup
  
  • Now includes an option to include "profit or loss" or "surplus or deficit" consistently. 
  • Prior-year sections automatically hide for first-year engagements.
  • 901 Financial statements wrap-up checklist is now included in 101 Engagement setup
  • Basis of preparation wording is set once and reused throughout the file.
  • General Information Page is now available as an optional page for entity details
  • Two configurable pages for additional narrative content, with standard formatting and signature options.
  • Director’s Report and Director’s Responsibility/Approval rebuilt with clear structure and standardised signature areas.
• 203 Financial statement optimiser
  
  • The document is included to optimise the content for the financial statement
  • 201 Financial statement settings and general checklist are now included in 203 Financial statement optimiser

5.  Data import

Improved data import screen for additional import options from different sources.

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