Disclosure notes again Q for Steve

Jmann

I have a question on notes on going concern.

I prepare the statutory accounts using VT software under FRSSE 2008.

I can not find going concern note included by VT software in the accounts.

Am I missing something?

AK002

Is it an insolvent balance sheet?

Steve Collings

Hi,

Usually in any accounts production software package you have a section in the programme where you would do your own notes. Accounts production packages don't automatically include notes such as going concern as they are client-specific.

I am not familiar with VT, so others on here might be able to point you in the right direction as to where you go in the programme to include such disclosures. There is no standard wording included in FRS 18/FRSSE as to how going concern disclosures should be worded as these, too, are very client-specific.

Kind regards
Steve

deanshepherd

Yep, add it manually to your VT template file and it will then appear on the list whenever you need it.