First set of Financials _ Opening Balance (Disclose note)

[Simbonile]

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.

[Mike Simmonds]

6. Comparative figures

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

[Simbonile]

Thanks a lot Mike

[Mike Simmonds]

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.

[Simbonile]

Hi Mike

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

Tks

[Mike Simmonds]

Excellent move, enjoy it

[Simbonile]

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.

[Mike Simmonds]

Hi Simbonile

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

[Simbonile]

Thanks Mike