Comparative Adjustments Process for Comparative Year When Applying New Standards

With the following templates it is possible to start preparing the adjusted comparative data for current year and simultaneously be able to report according to currently applicable IFRS standard.

The first period to save the adjustments is the opening balance of the comparative year, i.e., the period 0 of the year. Adjust only balance sheet items and use only "at the year beginning" accounts when change accounts are included in the balance item. Note that the same opening amounts must be entered in the other reporting periods (the cumulative amount is not created when saving to period 0 as it does with the opening balance transfer task).

Before proceeding to cash flow check and adjustments to cash flow statement, run the Cash Flow Opening Balance task.

Unit-level

Unit-level tasks are in default interface under the Company role.

Unit-level comparative adjustments can be entered using the following input templates:

• Input IS and BS, Cum, Comparative Adjustments, 1 Period (510 000 & 520 000)

• Loan Changes Input, Comparative Adjustments to Company (510 000 & 520 000)

• Comparative Adjustments to Cash Flow St. (817 000)

• Notes Input, Comparative Adjustments (510 000 & 520 000)

Unit level comparative adjustments and adjustments data can be reported using the following reports:

• Company Statement of Financial Position and Comprehensive Income, Reconciliation

• Company Statement of Cash Flow, Reconciliation

• Company Notes, Reconciliation

• Company Statements, Input Series as Columns

• Cash Flow Check Report

• Notes Accounts by Document Series in Input Currency

Group-level

Group level tasks are in default interface under the Consolidation role.

Group-level comparative adjustments and eliminations of standard implementation can be entered using the following input templates:

• Reversal of Tax-based Provisions (532 000)

• Other Entries, Comparative Adjustments to the Consolidated Financial Statements (570 000)

• Comparative Adjustments to Consolidated Cash Flow (877 000)

Group level comparative adjustments of standard implementation can be checked and reported using the following reports:

• Consolidated Statement of Financial Position and Comprehensive Income, Reconciliation

• Consolidated Statement of Cash Flow, Reconciliation

• Consolidated Notes, Reconciliation

• All Entries by Document Series

• Notes Accounts Report by Unit

• Notes Accounts Report by Unit, Unit Data in Input Currency

• Consolidated Financial Statement by Unit

• Consolidated Financial Statement by Unit, Unit Data in Input Currency

• All Selected Accounts by Unit

• Cash Flow Check Report

• Consolidated Statement of Cash Flows by Unit

• Consolidated Statement of Cash Flows by Unit, Unit Data in Input Currency

• Accelerated Depreciation and Tax-based Provisions