CCH Interactive Checklist

Transcription

1 CCH Interactive Checklist Checklist update version 6.2 July 2016 Information Fee Protection Software Magazines Professional Development

2 Legal Notice Disclaimer Wolters Kluwer (UK) Limited has made every effort to ensure the accuracy and completeness of these Release Notes. However, Wolters Kluwer (UK) Limited, its staff and agents will not be liable for any errors or omissions and use of the software is subject to the customer s licence with Wolters Kluwer (UK) Limited. These Release Notes should not be relied upon as a detailed specification of the system or the software. Wolters Kluwer (UK) Limited may make changes to these Release Notes from time to time. Copyright These Release Notes may not be copied, altered, edited, disposed of or distributed without the prior consent of Wolters Kluwer (UK) Limited. The content is confidential. Unless indicated otherwise all elements of this software product are owned by Wolters Kluwer (UK) Ltd Wolters Kluwer (UK) Limited Trademark Rights Microsoft, Windows, Windows NT, Windows for Workgroups, Windows 98, 2000, XP, MS-DOS, Windows Vista, Windows 7, Windows 8, Windows 10, Windows Server, Microsoft SQL Server, and Microsoft Office, are either registered trademarks or trademarks of Microsoft Corporation. Novell and NetWare are trademarks of Novell Inc. Citrix MetaFrame is a registered trademark or trademarks of Citrix Systems, Inc. All rights reserved. All other trademarks are the property of their respective owners. Wolters Kluwer (UK) Limited 145 London Road, Kingston Upon Thames, Surrey KT2 6SR CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.0 JULY 2016

3 Contents Introduction 2 CCH Online ICADC product page 4 Important - backup your data 5 Download and install the update files 6 Update the checklist database 9 Support 12 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

4 Introduction This update includes the latest versions of the following checklists: FRS 102 (Companies and LLPs) checklist which covers the disclosure requirements of companies and LLPs preparing accounts under FRS 102. The checklist addresses the FRS 102 reduced disclosure framework available to qualifying entities, but assumes all the exemptions will be applied, though the standard permits selection. It is mandatory for qualifying entities for accounting periods commencing on or after 1 January 2015, although early application is permitted for accounting periods ending on or after 31 December 2012; FRS 102 (section 1A Small Companies) checklist, which covers the reduced disclosure requirements of FRS 102 available for small companies whether audited or not. (Small LLPs are now permitted to apply FRS 102 section 1A see Stop Press for further details. However, these changes have not yet been addressed in this checklist.) It is mandatory for accounting periods commencing on or after 1 January 2016, although early application is permitted for accounting periods commencing on or after 1 January 2015 provided that the Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 are applied from the same date; FRS 102 (Charities) checklist, which covers the disclosure requirements for all charities (companies, trusts, CIO, etc.) whether registered in England and Wales or Scotland, and whether the accounts are audited, independently examined or exempt. It is mandatory for accounting periods commencing on or after 1 January 2015; FRS 105 Micro Entity checklist, covering both companies and LLPs, which is applicable for accounting periods beginning on or after 1 January 2016, though early application is permitted. Qualifying LLPs can prepare micro-entity accounts from 1 January 2015 if the members so agree; IFRS (EU in the UK) checklist which includes relevant UK Companies Act requirements and those IFRS/IAS standards which have been adopted by the EU; it also includes the FRS 101 Reduced Disclosure Framework requirements. (The checklist assumes that a company applying IFRS or FRS 101 will not take advantage of any reporting exemptions available to small companies and will not take advantage of audit exemption.) It is applicable for accounting periods commencing on or after 1 July 2010; and Listed Companies (FTSE, AIM and ICAP only) checklist which covers the additional disclosure requirements of quoted, AIM and ICAP ISDX Growth market companies, or those other companies that wish to voluntarily comply with these additional requirements. It should be used in addition to the FRS 102 (Companies and LLPs) checklist (ICAP ISDX or voluntary companies only) or the IFRS (EU in the UK) checklist. Old UK GAAP Old UK GAAP/Charities checklist, which covers both companies/llps and charities registered in either England & Wales or Scotland. It is applicable for accounting periods commencing before 1 January 2015 and with no early adoption of FRS 102, unless it is a small entity preparing accounts under FRSSE (2015) for an accounting period commencing before 1 January 2016, for example, a small LLP preparing accounts under FRSSE (2015) and the LLP SORP (2014); 2 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016

5 FRSSE Micro Company checklist which is only suitable for a company which qualifies as a micro-entity under the Small Companies (Micro-Entities Accounts) Regulations 2013 (SI 2013/3008) and which makes full use of the reduced disclosure requirements available to a micro-entity. It is applicable for accounting periods ending on or after 30 September 2013 and accounting periods beginning before 1 January 2016; Please refer to the What s Changed document for details of the changes from version 6.2 of the checklists. Important Applying the update is a 3 stage process as described on the following pages: 1. Backup your database. 2. Download and install the update files. 3. Apply the update to each of your databases. Please ensure you perform all 3 steps otherwise the updated checklists will not be available. CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

6 CCH Online ICADC product page The downloads referred to below are all available from the CCH Online product page. To access this page, log into CCH Online via Select Audit and Accounts Tools Select Interactive Company Accounts Disclosure Checklist 4 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016

7 Important - backup your data We strongly recommend that you take a backup of your database before installing the update and also that you take regular backups of your data on an ongoing basis in case of loss due to equipment failure. Detailed instructions on how to backup and restore data can be downloaded from CCH Online. Note: Where you maintain multiple databases you will need to back each one independently. Select the option to download the guide CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

8 Download and install the update files Note: This update also includes an the update to version 1.2 of the CCH Interactive Checklist Software. If you have not previously applied this update you must apply this update to all computers on which ICADC is installed. However, the final step, Updating the Checklist Database, need only be run once on each database that you use to store checklists. If you have previously installed the 1.2 update you will only need to install this update on computers from which you need to run the software to update your databases. If you run a single centralised database you will therefore only need to do this on one computer. If you run local databases on each computer, you will need to install the update files on each computer that has a local database. The update is downloaded from CCH Online. Commented [BP1]: Will need updating once download page ready Select the download option 6 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016

9 When prompted by your browser, select the option to save it to your hard disk to a temporary folder. In the example shown below the folder C:\Temp has been used. The file downloaded is called ICADC Checklist Update 6.2.zip which contains the installation executable. You first need to extract the EXE file from the zip and you can either do this using a proprietary program or using Windows Explorer as follows: 1. Select the ZIP archive in the folder view 2. Double click on the EXE file to run it If you are presented with a User Accounts Control warning, such as the following, please click on Yes to proceed. You will be presented with a series of dialogs as follows: CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

10 Click Next 1. If you originally installed the software in the default directory then accept the default offered. If you installed the software in a different directory, use the Browse button to enter or select the location where the 2. Click Next 8 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016

11 Click Next to start the installation You will see a brief display of a progress bar while the installation progresses and on completion the following Installation Complete dialog will be displayed: Click Finish and proceed to next step of the process. You are now ready to apply the update to your database please complete the process by following these steps. Update the checklist database The final step is to run the update on each database you have created to hold checklist data. If you have a single centralised database, you will only need to do this once and the new checklists CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

12 will be available to all users. If you have multiple local databases, you will need to follow the steps outlined below on each database. Launch the CCH Interactive Checklist software, select the database to be updated and log in as someone with System Manager rights. 1. User must have System Manager rights 2. Select database to be updated 3. Click Login Select the Settings option from the ribbon bar Select Install checklist updates The Checklist updates dialog will appear listing the new checklist and new versions of your existing checklists. If you do not see the 5 checklists listed in the dialog below you have either selected a database that has already been updated or the update files have not been correctly installed on this instance of the software. 10 CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016

13 Select Install The system will now run the scripts to add the new checklists to your database displaying progress messages as each checklist is added. Progress message The following message will appear after the process is complete: Select OK to close the message CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION 6.2 JULY

14 Select OK to close dialog The database is now updated. Support If you are experiencing difficulty and need assistance with installing the software, please contact our software support team via or by phone on CCH INTERACTIVE CHECKLIST - CHECKLIST UPDATE VERSION JULY 2016