October 27 Jazzit Fundamentals Update Available

Tuesday, December 15, 2015

RA – RISK ASSESSMENT

  • Revised the template with over 15 new features including
    • Added support to display amount by linkage type i.e. Map no, account, GIFI, etc.
    • Turning columns on or off
    • Additional columns for notes, working paper references, annotations/tickmarks, etc.
    • Customizable headings
    • Printing in portrait/landscape orientation and letter/legal size
    • Added options for subheadings and subtotals

RP – ENGAGEMENT REPORT (REVIEW)

  • Title of the engagement report will read “Independent practitioner’s review engagement report” if the year end of the client file is on or after December 14, 2017 as per the latest CPA Canada PEG changes

BS/BS2/BS3 – BALANCE SHEETS

  • Added the option for spacing between the first signature line and the signature heading
  • Also increased the granularity of spacing options in the signature block i.e. 0.10 inch increments on spacing between signature lines, headings, etc.

RD/RP – FIRM PROFILE & ENGAGEMENT REPORT

  • Added the ability to automatically disable the letterhead on the Engagement Report if the draft stamp is on

Please contact Jazzit support to update your RD Firm profile if you wish to implement this new option.

K3A - SIGNIFICANT ACCOUNTING POLICIES

  • Paragraphs in each accounting policy can be skipped using the express menu

SC4 – MANUFACTURING COST OF SALES SCHEDULE

  • Added the ability to insert lines under the “Less inventory – end of year” line
  • Added the ability to insert subtotals and subheadings into the schedules

K7 – SHARE CAPITAL NOTE

  • DEFAULT NOTE – Added the ability to insert subheadings into the tables of this note

SC2 – GENERIC 9 COLUMN SCHEDULE

  • Revised the running total controls for each section for more informative presentation

KP9COL – GENERIC 9 COLUMN NOTE

  • Revised the running total controls for each section for more informative presentation

VARIOUS WORKING PAPERS

  • Added the option to link rows via GIFI numbers to the following working papers
    • M1 – Comparative generic working paper
    • N1 – Five year generic working paper
    • JZ5COL1 – Five column generic working paper
    • JZ5P – Five period generic working paper
    • JZ5YRIS – Five period income statement with % working paper
    • JZGNMSWP – Generic 9 column multi-section working paper