Compliance Terminology

"FRS" and Unincorporated entities have the option of using Companies Act or IFRS terminology and to edit and / or create new terminology.

Default terminology for entities within CCH Accounts Production

To view navigate to: File > Maintenance > Accounts > Compliance Terminology

Changing the default terminology at the Master level

To change the default for an entity first navigate to: File > Maintenance > Accounts > Compliance Terminology

Select the Entity and Master Pack, the master pack does not need to be in a draft state.

Use the radio button to change the Terminology setting: options are Companies Act, IFRS and Companies Act except for primary header.

Changing the default terminology at the Client level

This will be done within a client's statutory database and will only affect that client.  To do this go to the General Folder > Client Preferences and Compliance Terminology.

Select the terminology to be used for the client.  This will remain in force until changed at the client level in future, if required.  A master change will not override this choice.

Editing Compliance Terms

Navigate to File > Maintenance > Accounts > Compliance Terminology

Whilst the default compliance terminology for an entity may be changed at either the Master or Client level Default Terminology in CCH Accounts Production editing the actual compliance terms can only be carried out at the Master level. 

Changes may be made to the CCH Master compliance terms, and bespoke compliance terms maybe created by selecting the Practice option and adding the new terminology.

Each CCH compliance term has a Term Code, which will start #TERM followed by a number, for example #TERM23 is the term code to indicate Turnover or Revenue. 

Changing a #TERM will affect all clients using the entity type in which it has been changed.

A draft master pack must be open in order to make changes.  Master Packs

To edit a CCH Master Term

• Select the Entity and Master Pack, the master pack must be in a draft state (unpublished).
• Ensure the CCH Master radio button is selected, this is the default (see screen shot above).
• Search for the #TERM description from the ribbon or scroll down.

• Make the change and enter to the next row.

To create or edit a Practice Term

• Select the Entity and Master Pack, the master pack must be in a draft state (unpublished).
• Ensure the Practice radio button is selected.
• Click into the input row to enter the Companies Act and IFRS terms, the Term Code will be auto populated
• Press enter to the next row.