How do I show an Item in the Analysis of Maturity of Loans Note?
Article ID
ias-2033
Article Name
How do I show an Item in the Analysis of Maturity of Loans Note?
Created Date
23rd March 2005
Product
IRIS Accounts Production
Problem
How do I show an Item in the Analysis of Maturity of Loans Note?
Resolution
The Total Amounts in Group 701 (accounts 839-898) will be shown on the Statutory Balance Sheet as Creditors EITHER “Falling due within one year” OR “After more than one year”.
Creditors Note:
A Total Figure of EACH of the 3 areas Debentures, Bank loans & Other loans is shown within the “creditors note”, SPLIT between those due within “one year” and after “more than one year”.
Loans note:
A Note will give a complete Breakdown of ALL Items within this Group in accordance with the disclosure requirements of FRS 4. Additional disclosure can be entered via freeform text on a Client Data Screen.
NB: No Note will be shown for Small Companies following the FRSSE.
Descriptions:
The Note heading is taken from Group 701 description.
The Description of EACH Individual Account is used within the Loans Note.
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