March 29 Jazzit Fundamentals Update Available

Thursday, April 5, 2018

MS – MARKETABLE SECURITIES WORKING PAPER

  • Marketable securities working papers have been updated to automatically populate and calculate the gains and losses on foreign exchange and cash transactions. Simply by entering transactions for each security and transfers in and out of the brokerage account will populate the ‘Realized loss (gain) on foreign exchange’ table (sorted by date) and calculate the realized gain or loss on foreign exchange

*Please note: Due to the background calculation of  the ‘Realized loss (gain) on foreign exchange’ table, you may experience greater times to insert or delete transactions.

IS2 – 9 COLUMN INCOME STATEMENT

  • NOT-FOR-PROFIT: Prior period adjustments can now be performed when the Statement of Changes in Net Assets has been combined with the 9 column income statement

JZL1 – LETTER TO LAWYER

  • The ‘Share redemption’ section can now be displayed as “Display names within share classes”

  • Wrapping of text has been applied to the bottom of the description cells for the following tables:
    • Share redemption
    • Declaration and payment of capital dividends
    • Declaration and payment of dividends other than eligible dividends
    • Declaration and payment of eligible dividends

JZPCA – CHECKLIST WITH Y/N & CHECKMARK

  • Level 2 and 3 procedures now skip if their respective Level 1 procedure is marked as “NA*

*This feature will also be included in the upcoming release of the PEG Review and Peg Audit Jazzit Checklists

JZPCC – CHECKLIST WITH Y/N AND INITIALS

  • Level 2 and 3 procedures now skip if their respective Level 1 procedure is marked as “NA(as above)