What's new in Version 2004.01
Aug 1, 2004
- This version included our most significant improvements ever to the financial statements. We added several buttons and drop-down menus to automate the process of preparing the financial statements. Adding and re-arranging the notes to the statements is now easier than ever, with an embedded library of notes easily selected with the click of a button! Changing from a corporation to a partnership to a not-for-profit financial statement format is completed at the click of a mouse! New options for sorting and changing content are found throughout the financial statements, including drop-down menus for selection of map numbers, drop-down menus for selection of entity type, sorting options for notes, sorting options for financial statement categories, optional qualified reports, an optional schedule of expenses, and more.
- Our library of notes has been expanded to include more NPO and business notes.
- An optional financial statement without income statement percentages has been added.
- Client letters have been enhanced to include options to change terminology for different entities, differential reporting, and accounting proprietorships and partnerships, all at the click of a button.
- Engagement letters now have several optional paragraphs that can be selected at the click of a button.
- The mapping number system has been expanded to allow for more flexibility and to accommodate the new financial statement features.
- All the audit programs and review and compilation checklists have been updated to include changes in the May 2004 release of the CGA Canada Public Practice Manual. We have now adopted the CGA Canada checklists as our primary source of review engagement programs, as we had previously done with the compilation and audit templates.
- All CGA disclosure checklists have been included, and are indexed by CICA Handbook section.
- Selected CGA disclosure checklists have been reproduced for easy reference at the end of relevant file preparation checklists.
- Several working papers and letters have been updated to include changes in the May 2004 release of the CGA Canada Public Practice Manual.
- Proprietorships and partnerships no longer require separate templates. Options to change between types of entities at the click of a button are included in the audit, review, and compilation templates. Supported entities are corporations, partnerships, proprietorships, and not-for-profit organizations.
- This version of the templates has been designed for use with CaseWare for Working Papers 2004.
- This is the first version released by D J McNeill Consultants Inc. since assuming responsibility for the templates.