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Thread: First set of Financials _ Opening Balance (Disclose note)

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    First set of Financials _ Opening Balance (Disclose note)

    Hi Guys

    I am preparing a set of AFS for an entity that has been in operation for just on year. This means there won’t be prior year figures.
    Can some please tell me if there is a standard note which states something like “since it is the first year of operation, the company’s prior year figures are nil”.

    I’d like to get a proper wording.

    Thank you for assisting me in this regard.

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    Email problem Mike Simmonds's Avatar
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    6. Comparative figures

    No comparative figures have been presented as these are the first
    annual financial statements of the company.

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    Thanks a lot Mike

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    Email problem Mike Simmonds's Avatar
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    My Pleasure Simbonile

    What software are you using?

    I was introduced to DraftWorx via this Forum and it has saved me thousands in the last few years.

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    Hi Mike

    Apologies for the late response. I just got Draftworx on Tuesday, 17 March 2015. I'm still familiarizing myself

    Tks

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    Email problem Mike Simmonds's Avatar
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    Excellent move, enjoy it

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    Hi Mike
    Just a quick question. I seem to have lost 2 clients I was working on, on my client list.
    When I go the draftworx icon I can see the list of client file under "Recent clients" but I am getting this notification, "The selected client file could not be found".
    The only thing I did was to arrange the icons on my desktop. Is there a way of retrieving these? I didn't make an external backup.

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    Email problem Mike Simmonds's Avatar
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    Hi Simbonile

    Give Draftworx support a call or click on Remote Support from the top left menu.

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    Thanks Mike

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