Complete Entity Setup for group period

Product subscription required: IRIS Elements Accounts Production Enterprise

Before you begin

  • Complete Entity Setup for parent company.

  • Select FRS102 or IFRS as the reporting standard for the parent company's standard period.

Entity Setup

  1. Select the group period and go to Entity Setup.

    Reporting standard, Terminology, and Choice of statement of financial performance are inherited from the parent company and cannot be changed.

  2. Complete the following:

    • Entity size — only Medium or Large are available for group accounts.

    • Type of independent review

    • Trading status

    • Rounding rule — Advanced is selected by default.

    • Practice address — default practice office address is used unless changed.

  3. Save your changes.

Next step: Review group structure