startGroup Accounts: FRS 102 Consolidation entity
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Group Accounts: FRS 102 Consolidation entity

CCH IFirm Accounts Production
Last update: Reading time 3 minutes
FRS 102

    Producing Group Accounts in CCH iFirm Accounts Production reporting 
    under FRS 102

    Below is a summary of the features/enhancements within this entity. For ease of navigation the explanations are in order of the screens:

    Note: All subsidiary companies must have been migrated to CCH iFirm Accounts Production BEFORE migrating the FRS 102 Consolidation entity.

    Overview screen - Group Overview

    To the right of this screen is a Group overview panel, from here you can navigate to each of the members of the Group by clicking on the company name just below the icon.

    Once you have navigated to e.g. the parent, the same panel is displayed within the parent entity, to return to the Group click on the Group icon within the panel.  Subsidiaries are displayed in the box just below the Subsidiary icon and accessed by clicking on the name of the subsidiary company.

    Clicking on the hyperlink “View Group structure” will take you to the Group structure within the Settings and import screen, discussed below.

    The information icon gives you a screen tip.

    There is no KPI analysis panel within the group.

    CCH_Accounts_Production_Group_Accounts_FRS_102_Consolidation_Entity_1.png

     

    Settings and import screen – Group structure

    This screen displays, in list form, all the members of the group. 

    From here you can set-up the group structure in a new client, amend for an existing client, or delete the group structure entirely. There is the option to re-order the list of subsidiaries by clicking on the lines in the order column and moving up or down the list.

    To remove a single subsidiary, click on the waste bin on the relevant row.

    Note: Removing the parent, will remove all the members of the group.

    All members of the group must have the same year end.

    Groups may be multi-entity, which means an FRS 102 LLP entity can be a subsidiary member of a group – an LLP may not be the parent.

    The parent and subsidiary entities will also have the option to view the Group structure, making it easy to see which group they are a member of.  No amendments to the group structure may be made the at the parent / subsidiary level.

    Members of a group may also be a member of another group.  E.g. a parent may be a subsidiary of another group; a subsidiary may be a parent of another group.

    CCH_Accounts_Production_Group_Accounts_FRS_102_Consolidation_Entity_2.png

    Journals

    There is no change to this screen, but to bring your attention to the journal type “Group Elimination “, an option under “Advisor Journals” – move the slider to “use advisor journals” and click on the down arrow within the Type box.

    Officers

    All options within this screen are read only, being Officers, Shareholdings and Former officers.

    There is a message at the top of screen advising you that the information is coming from the parent company.  As such changes required will be made in that company and will feed through to this screen.

    CCH_Accounts_Production_Group_Accounts_FRS_102_Consolidation_Entity_3.png

    Accounts Disclosures - Verify group disclosures

    "Verify group disclosures" only exists in the consolidation entity.  Click on the button at the top of the list, this will then display a report which compares group and parent information.

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