AuditDesktop supports work with Statement of financial position financial statement. It can be generated automatically in accordance with the Statement of financial position items nomenclature's settings or entered manually by the user. If you use the automatic generation, you must enter the Codes and Names of the items beforehand. When using the manual input, you can enter them in the current active window; they will be automatically transferred later on. The Statement of financial position of the audited entity can be entered for the current period, the previous period and the period before last. This allows for a quick and easy-to-use analysis of changes.
To access the Statement of financial position active window, open the Statements tab and click the Statement of financial position button.
Initial
In this tab you can enter the Initial statement of financial position which the client provides at the beginning of the engagement.
The buttons give access to the following actions:
Print - preview and print the Initial statement of financial position data on templates
Data - open the Edit initial statement of financial position window
Nomenclature - open the Statement of financial position items nomenclature
Refresh - reload and refresh data
Final
Here you can enter the Final statement of financial position of the audited entity. This can be done manually, transferred from the Initial or calculated by using the data from the Final trial balance.
The buttons give access to the following actions:
- Print - preview and print the Final statement of financial position data on templates
- Data - open the Edit final statement of financial position window
- Nomenclature - open the Statement of financial position items nomenclature
- Refresh - reload and refresh data
When using the copy engagement function, AuditDesktop will automatically transfer values from Final to Period -1, and those from Period -1 to Period -2 column.