How do I take exemption form the Cash Flow Statement?
Article ID
ias-12193
Article Name
How do I take exemption form the Cash Flow Statement?
Created Date
8th December 2015
Product
IRIS Accounts Production
Problem
How do I take exemption from the Cash Flow Statement?
Resolution
Select Edit | Data screen | Cash Flow Statement | Cash Flow Required or Exemption
If the FRSSE is being claimed then a cash flow is not required so an exemption policy will not be shown.
If the FRSSE is not being applied then a tick should be entered next to Cash flow exmption accounting policy if no cash flow statement? to produce the policy.
If the company is medium or large then a Cash Flow Statement is typically produced so no exemption would be shown (this screen is not applicable to medium or large companies).
Note: An M would be entered in the ‘size of company’ box in this situation.
If a Cash Flow Statement Exemption Accounting Policy is required for a medium or large company then a freeform poilicy will need to be entered within Edit | Data Screens | Notes to Financial Statements | Accounting Policies | Freeform Accounting Policies.
“IRIS strongly recommend attending our series of FRS seminars – please click on the following link for further details:
New FRS 101 & 102 training courses
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