Confirm FRS 102 Section 1A
Select the framework only where the entity/profile is supported and eligible. Complete the accounting period and comparative period before relying on presentation or disclosure rules.
Map the Trial Balance carefully
Review each material nominal classification. Items such as stock, cash, debtors and fixed assets must remain in the correct statutory category; do not allow a disclosure note to become a catch-all for unrelated balances.
Policies and disclosures
Complete the policies and notes relevant to the company, including fixed assets and other material Balance Sheet items. Review current/comparative wording, especially where one period is a profit and another is a loss.
Run Checks and review the document
Use the Checks tab to resolve balance, mapping, comparative, disclosure and presentation issues. Then review the statutory document itself before finalisation and electronic output.