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2.90 1

A. Effect of selecting the interim financial statements option:

Title page
Heading becomes “INTERIM FINANCIAL STATEMENTS”

Auditor's Report -
The standard audit report is either skipped or replaced by a “Review report”. The phrase “audited financial statements” becomes “unaudited financial statements” throughout the set and the letter of representations.

Statement of Changes in Equity
The footnote for deemed dividends is skipped.

Notes to the financial statements

1. Accounting policies are hidden and reference is made to IAS34 and the policies used in the prior annual financial statements.
2. Reference is made to the period covered by the financial statements and to the fact that they have not been audited by the external auditors of the entity.
3. Financial risk management note is skipped
4. Long notes and statement of changes in equity are split in two parts. One for the current period and one for the comparative period.

Effect of selecting the no comparatives option:
Wording throughout the set is changed so that no reference is made to comparative period.

Show accounting policies in detail (same as annual accounts)
Available only for interim financial statements - Accounting policies are displayed in full as per annual financial statements.

Source for prior period balance sheet and income statement
This allows the user to change the formula for prior period income statement amounts.
YR1:DISC - Prior year, same month as the current active period
YR1:PERx:DISC – Prior year, prior periods as specified in the Engagement Properties where x represents the period number.
YR1 - Prior year, year to date

For prior year balance sheet to work properly, it is important for Year End Date to be one year after the comparative balance sheet date. For example when preparing half yearly accounts for the period ended 30/6/2015, Year End Date is 31/12/2005 and prior period income statement formula is YR1:PER1:DISC and selections in Engagement properties are the following:

Add extra columns in P&L - entity publishes QUARTERLY ACCOUNTS:
Two extra blank columns are available in the "Income statement" for the user to enter manually the comparative period(s) dates and amounts.

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2.91 1

A. Effect of selecting the comparatives are not required option:

This cheackbox will hide all comparative columns and prior year parts of notes. In addition, all references to comparatives in the document text paragraphs are automatically hidden.

Show opening position in long notes eg PPE
"Long" notes are notes which show thew opening position two years back and movement through to prior period end and the current period end. In some cases, where the entity starts operations through the acquisition of another on-going business then the user may choose to show the opening comparative balances in these notes even though the movement in comparatives is hidden.

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2.60 1

A. The different options and their effect on the tax computations are explained in the table here below:

Option	Effect on the financial statements
Group interest - Map number “6.T.7. 2”	With this option “Group interest income” is treated either as trading income or as interest and is subject to Defence tax contribution which is the default option
Interest income for investment companies - Map numbers “3.Q.4. 2” and "3.Q.4. 2. 1”	With this option “Interest income” for investment companies is treated either as trading income which is the default option or as interest and is subject to Defence tax contribution
Stock write off - Map number "5.T.1.16"	With this option “Stock write off” may be treated as an allowable expense which is the default option or as a non allowable expense for taxation purposes
Bad debts written off - Map number "5.T.1.17"	With this option “Bad debts written off” may be treated as an allowable expense which is the default option or as a non allowable expense for taxation purposes
Social cohesion fund - Map numbers "4.R.1. 16", "4.R.3. 5", "4.R.5.17", "4.R.6.17", "4.R.7.17", "5.T.1. 4" and "5.T.2. 8"	With this option “Social cohesion fund contribution” may be treated as an allowable expense or as a non-allowable expense for taxation purposes. For tax years up to 2011 the default option is to treat this expense as non-allowable and there after the default option is to treat it as allowable.
Unrealised exchange difference - Map number "5.T.1.16"	With this option “Unrealised exchange difference” may be treated as an allowable expense or as a non allowable expense for taxation purposes which is the default option
Accounting period NOT coinciding with calendar year	This checkbox is selected when the accounting period is for a year not ending 31 December and enables a special apportionment section in the tax computation schedule where the user may allocate the taxable profits/losses of the accounting period to the relevant calendar years of assessment. This automatically updates the tax reconciliation part of the “Taxation” note to the financial statements and the tax losses calculation cross referenced to the same note.
Accounting period exceeding 12 months	This checkbox is selected when the accounting period is in excess of 12 months ending 31 December and enables a special apportionment section in the tax computation schedule where the user may allocate the taxable profits/losses of the accounting period to the relevant calendar years of assessment.

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2.50 1

The different options and their effect on the financial statements are explained in the table here below:

Option	Map numbers	Effect on the financial statements
Profit and loss presentation as a whole		Expenses by nature or by function are alternative presentation options of IAS1. Select between the two options the one which is more appropriate for the client’s financial statements
Other interest income	"6.T.7.1" to "6.T.7.9"	Interest income may be moved between ‘Investment income ‘, ‘Other income’ or ‘Finance income’
Forex profit	“6.T.7.15” and “6.T.7.16”	Foreign exchange gains may be moved between ‘Investment income ‘, ‘Other income’ or ‘Finance income’
Other dividend income	“6.T.7.10” and “6.T.7.11”	‘Interest income’ may be moved between ‘Investment income ‘, ‘Other income’ or ‘Finance income’. In addition, there is an option to disclose ‘dividend income on the face of the statement of profit or loss after operating results
Net profit from investment activities	“5.T.4.11” to “5.T.4.17”, “5.T.4.20” to “5.T.4.23”, “5.T.4.40” to “5.T.4.41”, “5.T.6.11” to “5.T.6.17”, “5.T.6.20” to “5.T.6.29” and “5.T.6.40” to “5.T.6.41”	‘Net profit from investment activities’ may be presented either as a separate note or as part of other income or other expenses
Impairment of financial assets	"5.T.4.54" to "5.T.4.57", "5.T.4.60", "5.T.4.63", "5.T.4.70. 5", "5.T.4.80. 5" to "5.T.4.80. 7", "5.T.6.24" to "5.T.6.26", "5.T.6.29", "5.T.6.45", "5.T.6.63", "5.T.6.70. 5" and "5.T.6.80. 5" to "5.T.6.80. 7"	Option to disclose impairment of financial assets on the face of the statement of profit or loss before operating results instead of the notes to the financial statements
Statement of changes in net assets available for benefits (Provident funds only)		Show Statement of changes in net assets available for benefits separate from Statement of changes in net assets
Interest income (Provident funds only)	“3.Q.5. 1” to “3.Q.5. 3”	‘Interest income’ may be presented either line by line for each map number on face of the Income statement or as a total on the Income statement and line by line in the notes to the financial statements
Members contributions (Provident funds)		At the beginning or at the end of the Statement of changes in net assets
Income for investment companies (investment companies)	“3.Q.4. 1” to “3.Q.4. 6”	This option is for investment companies that may want to present ‘Income’ either line by line for each map number on face of the Income statement or as part of the ‘Revenue note’ in the notes to the financial statements
Profit or loss from sale of financial assets (investment companies)	“5.T.4.11” to “5.T.4.16” and “5.T.6.11” to “5.T.6.16”	This option is for investment companies that may want to show ‘Profit from sale of financial assets’ either as revenue or as other income and loss from sale of financial assets either as direct expense just after revenue or as other expense
Profit or loss items on financial assets	"5.T.4.11" to "5.T.4.16", "5.T.4.21" to "5.T.4.23", "5.T.4.54" to "5.T.4.57", "5.T.4.60", "5.T.4.62", "5.T.4.63", "5.T.4.70. 1", "5.T.4.70. 5", "5.T.4.80. 1", "5.T.4.80. 5" to "5.T.4.80. 8", "5.T.6.11" to "5.T.6.16", "5.T.6.21" to "5.T.6.23", "5.T.6.54" to "5.T.6.57", "5.T.6.60", "5.T.6.62", "5.T.6.63", "5.T.6.70. 1", "5.T.6.70. 5", "5.T.6.80. 1", "5.T.6.80. 5" to "5.T.6.80. 8"	With this option profit or loss on financial assets may be presented either on face of the Income statement or as part of the ‘Other income’ note
Profit or loss items on investment properties	"5.T.4.17", "5.T.4.20", "5.T.4.62", "5.T.6.17", "5.T.6.20", "5.T.6.46"	With this option profit or loss on investment properties may be presented either on face of the Income statement or as part of the ‘Other income’ note
Impairment of non-financial assets	"5.T.4.58", "5.T.4.59", "5.T.4.61", "5.T.4.64", "5.T.6.27", "5.T.6.28", "5.T.6.64"	With this option impairment of non-financial assets may be presented either on face of the Income statement or as part of the ‘Other income’ note
Interest expense (investment companies)	“6.T.8. 1” to “6.T.8. 9”	This option is for investment companies that may show ‘Interest expense’ either as direct expense just after revenue or as other expense
Dividend to holders of redeemable shares (investment funds)	“6.T.8. 3”	With this option ‘Dividend to holders of redeemable shares’ may be presented either on face of the Income statement or as part of the ‘Other income’ note
Income from biological assets	"3.Q.3. 1" to "3.Q.3. 5"	With this option ‘biological assets’ may be presented either on face of the Income statement or as part of the ‘Revenue’ note
Selling expenses to be combined in one note with administration expenses	All map numbers beginning with "5.T.1" and "5.T.2"	Selling expenses note is hidden and all selling expenses are combined in one note together with administration expenses
Profit/loss on disposals of PPE	“5.T.6. 7” and “5.T.6. 5”	With this option ‘Profit/loss on disposals of PPE’ may be presented either on face of the Income statement or as part of the ‘Finance costs’ note
Profit/loss from foreign exchange transactions	“6.T.3. 4”, “6.T.3. 5”, “6.T.7.15” and “6.T.7.16”	With this option ‘Profit/loss from foreign exchange transactions’ may be presented either on face of the Income statement or as part of the note ‘Net profit from foreign exchange transactions’
Depreciation	All map numbers ending in “.95” to “.99”	With this option ‘Depreciation and amortisation expense’ may be presented either on face of the Income statement as a total or as part cost of sales or expenses as appropriate for the particular map number. As a second option the user may select to show Depreciation and amortisation in one line.
Formation and Capital issue expenses	“5.T.6. 3”, “5.T.6. 3. 1” and “5.T.6. 4”	With this option ‘Formation and Capital issue expenses’ may be presented either within ‘Administration expenses’ within ‘Other expenses’ which is the default presentation
Bank and other finance charges	“6.T.3. 1” to “6.T.3. 3”	With this option ‘Bank and other finance charges’ may be presented either within ‘Administration expenses’ within ‘Finance costs’ which is the default presentation
Staff costs	“4.R.1.11” to “4.R.1.17” “4.R.3. 2” to “4.R.3. 6” “5.T.1. 1” to “5.T.1. 5” “5.T.2. 1” to “5.T.2.12” and “5.T.3. 1” to “5.T.3.11”	Combine each map grouping into one line as staff costs in additional information part of the FS document.
Description of 'Operating profit' in Greek		Choice between ‘Κέρδος από εργασίες’ and ‘Λειτουργικά αποτελέσματα’
Description of 'Finance income (costs)' in Greek		Choice between ‘Έξοδα χρηματοδότησης’ and ‘Χρηματοοικονομικά έξοδα’

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Below you can find the procedure for updating the IR4 Company Tax Returns

FAQ Files

pdf

Download

Recommended Procedure for updating prepared IR4 2016 tax return

Size : 720.78 kb

Date added : Oct 31 2017

Date modified : Oct 31 2017

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Login in to TAXISnet, and select XML File
Select View > XML File
In the shown list of submitted XML files, click on the File Number
Then click on the Status (Rejected)
The result screen will display all the errors due to which the submission was rejected. (The following message is just a sample)
Take a print of the above screen.

Download this article as PDF

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Your feedback regarding TAXISnet has been invaluable so far, so please continue to provide it. Our aim is to ensure the transition to electronic submission is as easy as possible.

If you get any errors whilst submitting your tax returns via TAXISnet, please contact our support desk who can assist you in resolving the error.

To allow proper troubleshoot of errors we would need an email to support@cms-ss.com the following 4 documents :

Document 1: The complete Tax Return in PDF format. (This can be created from CaseView-> File/Save as PDF).
Document 2: IR4 Text backup file
1. If you prepare IR4 in TaxForms: The backup file of the saved tax return. This is a txt file located in the local “TextFileBackup”folder in the format “EPRxx_2010_12345678A_TAX PAYER NAME.txt”
2. If you prepare IR4 in Financial Statements: The file is created on save for import into Tax Forms in the format “IR4_2010_12345678A_TAX PAYER NAME.txt”. This txt file is automatically created when the IR4 is closed in the CaseWare file and the option is enabled in the Information Store under the Tax Forms Options.

Document 3: The actual XML file being submited to TAXISnet
Document 4: A screen shot of the TAXISnet error. (The following screen is just a sample)

For more information on how to get this error please see How to obtain the TAXISnet error message?

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Sorting rows within tables

Right click on any cell within a table and select Sort Table Rows to move individual rows up or down within the table

Sorting sections

Entire sections in the financial statements may be sorted manually by selecting from the command menu 'Tools/sort'.

4.10 2

Then selecting the relevant sort group and the sort order.

4.10 3

This sorting option applies to subsections within the following sections of the financial statements:

Area	Sort Group
Board of directors and other officers	Officers
Management report	BOD
Primary statements	Primary statements
Statement of shanges in equity - prior year	SOCIE yr1
Statement of changes in equity - current year	SOCIE yr0
Notes to the financial statements	Notes
Accounting policies	Policies
Critical accounting estimates, judgments and assumptions note - Critical accounting estimates and assumptions	Estimates
Critical accounting estimates, judgments and assumptions note - Critical judgements in applying the Company's accounting policies	Estimates_1
Related party transactions note	Related
Additional inforamation - Capital allowances and computations sections	Sections1
Minutes of the AGM	Minutes

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System Requirements

The following system requirements are detailed for your installation of IDEA.

Software Requirements

IDEA 12 is a 64-bit application that can only run on 64-bit operating systems. The following details the supported Windows operating systems and the supporting software required to run IDEA. For the latest information on IDEA's compatibility, such as Windows Operating System and more, see our conformance section in CaseWare Passport.

Important

You must have the latest Windows updates/service packs installed.

Supported Windows Operating Systems

The following Windows operating systems are supported:

Windows 8.1 Update 1
Windows 10
Windows Server 2012 R2 Update 1
Windows Server 2016
Windows Server 2019

Supporting Software

If the following applications are not already installed, the IDEA installation program will install them automatically:

Microsoft .NET Framework 4.7.1
Microsoft Visual C++ 2013 (64-bit) Redistributable Package
Microsoft Visual C++ 2019 (64-bit) Redistributable Package
Microsoft Edge WebView2 Runtime Installer (x64)
Microsoft Access Database Engine 2016 (64-bit) Redistributable
Note: Microsoft Access Database Engine 2016 (64-bit) Redistributable will not be installed if any 32-bit Microsoft Office software/drivers are detected on your machine.

Hardware Requirements

The following table outlines the minimum hardware requirements:

Hardware	Minimum	Recommended
Processor	64-bit, Multi-core	64-bit, Multi-core
RAM	8 GB	16 GB
Disk Space	100 GB	500 GB
Disk Type		SSD (Solid State Drive)

Visualization Feature Requirements

To run the Visualization feature in IDEA, your system must have 8 GB of RAM.

DPI/Display Scaling

IDEA does not support DPI scaling (Windows 7) or display scaling (Windows 8.1 Update and Windows 10). For high resolution monitors/screens, it is recommended to adjust the screen resolution for legibility.

For Windows 10, it is also recommended to enable the Override high DPI scaling behavior feature and select scaling performed by System. To enable this feature, access the Properties dialog box for idea.exe and click Change high DPI settings on the Compatibility tab.

Administrator Privileges

All editions of IDEA and its associated tools must be installed with administrator privileges.

Technical Notes

Coexistence of IDEA and CaseWare Network License Server
In a network implementation, do not install IDEA and CaseWare Network License Server (NLS) on the same machine.
Coexistence of Different IDEA Versions
Different IDEA versions (e.g., IDEA 10 and IDEA 11) cannot exist on the same machine.
Microsoft Office
IDEA is compatible with Microsoft Office 2010 (64-bit) or later.
Microsoft Access Import and Export Requirements
Microsoft Access Database Engine 2016 (64-bit) is required to import Microsoft Access files or export IDEA databases to Microsoft Access files.
CaseWare Working Papers
- IDEA is compatible with CaseWare Working Papers 2021.
- IDEA only supports a single implementation of CaseWare Working Papers. Concurrent installed versions of CaseWare Working Papers are not supported.