Viewing Financial Statements
The financial statements are automatically created when you upload the trial balance. They are based on the financial groups, types, and classifications assigned to the accounts in the financial trial balance.
Tip: If needed, you can customize the rows of the financial statements by creating new financial groups or sub-groups, and then assigning these groups to the accounts in the financial trial balance.
To view the financial statements:
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Click the engagement on the Engagement List page.
Note: See Using the Engagement List Page for information about using the pagination and search features to find an engagement in the list.
- Click on the navigation bar and select Financial Statements.
Note: You can also access a financial statement from Engagement View. Click next to the node or folder holding the statement to expand it and show its contents, and then click the statement index or name to open it. This option is not yet available for consolidated engagements.
Working with Single-Tier Consolidated Engagements
The Financial Statements page is available with Financial consolidated engagements.
To select the entity to view, do the following:
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From the Trial Balance page of the consolidated engagement, click to open the drop-down menu.
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Select the entity you want to view. The consolidated entity is always the first item on the list. Then, each subsidiary with a trial balance is listed in the same order as they appear on the Subsidiary Setup page.
The financial statements data that displays on the page is for the selected entity only.
The consolidated view displays the consolidated totals for all subsidiaries. You can add and view eliminating journal entries (EJEs) and export the page to Microsoft® Excel®.
The subsidiary view displays the accounts and balances assigned to the corresponding group. You can add and view journal entries and export the page to Microsoft® Excel®.
Working with Multi-Tier Consolidated Engagements
The Financial Statements page is available with Financial consolidated engagements.
To select the entity to view, do the following:
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From the Trial Balance page of the consolidated engagement, click to open the drop-down menu..
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Select the entity you want to view. The consolidated entity is always the first item on the list. Then, each subsidiary with a trial balance is listed in the same order as they appear on the Subsidiary Setup page.
The financial statements data that displays on the page is for the selected entity only.
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The consolidated and lower parent view displays the totals for all entities. You can add and view eliminating journal entries (EJEs) and export the page to Microsoft® Excel®.
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The subsidiary view displays the accounts and balances assigned to the corresponding group. You can add and view journal entries and export the page to Microsoft® Excel®.
Tell me more about the Balance Sheet.
Tell me about the income statement.
Tell me about the tools in the toolbar.
Note: If this is an interim engagement, the accounts and balances are for the active period selected. To view another period, change the active period in the drop-down list.