Jazzit
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5Jazzit Fundamentals
759- What is Jazzit Fundamentals?
- Getting Help
- Downloading and Installing Jazzit Fundamentals
- Quick Start Guide
- Implementing the Jazzit Templates
- Jazzit Financial Statements
- Jazzit Letters
- Jazzit Working Papers
- Consolidations
- Updating Jazzit Fundamentals
What is Jazzit Fundamentals?
7- Master Files vs. Resource Centre Files – What is the difference?
- Copy Components and Updating Functions
- Backups
- Benefits of using Jazzit
Master Files vs. Resource Centre Files – What is the difference?
3Getting Help
3Downloading and Installing Jazzit Fundamentals
4Quick Start Guide
6Implementing the Jazzit Templates
26- Create a New File Based on a Jazzit Master Template
- Copy the Jazzit Templates and Map Numbers into an Existing Caseware File
- Importing the Client Trial Balance
- Mapping the Trial Balance
- Creating a Firm Master
Copy the Jazzit Templates and Map Numbers into an Existing Caseware File
7The Following Components
6Importing the Client Trial Balance
5Import from Accounting Software (Examples)
2Mapping the Trial Balance
9Jazzit Financial Statements
448- Important Information about Jazzit Document Identifiers
- Freeze Frame
- Home Menu
- Common Features
- Title Page
- Statement Menu (Index to Financial Statements)
- Engagement Report
- Balance Sheet (2 Year with % Format)
- Balance Sheet (9-column Statement Format)
- Balance Sheet (1-2 year with Opening Balances)
- Statement of Financial Position (Public sector)
- Income Statement (2 Year with % Format)
- Income Statement (9-column Statement Format)
- Statement of Retained Earnings
- Statement of Changes in Equity
- Statement of Changes in Net Assets
- Statement of Partners' Capital
- Statement of Accumulated Surplus (Deficit)
- Statement of Changes in Net Financial Assets (Debt)
- Statement of Cash Flow (2 Year with % Format)
- Statement of Cash Flow (9-column Statement Format)
- Notes to the Financial Statements
- Jazzit Schedules
Important Information about Jazzit Document Identifiers
1Common Features
24- Balance Origins
- Express menu
- Page Breaks
- Line Item Descriptions
- Changed Value Flag
- Change a Line Description
- Section format
- Changing or Adding Note Number References in the Statements
- Statement Section Headings Formatting
- Main Statement headings
- Reloading/Updating Statements, Schedules, and Notes
- Insert an Excel object into the Jazzit financial statements
Title Page
1Engagement Report
2Balance Sheet (2 Year with % Format)
4Balance Sheet (9-column Statement Format)
2Balance Sheet (1-2 year with Opening Balances)
1Statement of Financial Position (Public sector)
1Income Statement (2 Year with % Format)
7- Income Statement Rounding Options
- Fit the Income Statement on One Page
- Combine the Statement of Retained Earnings and the Income Statement
- Include Statement of Comprehensive Income statement at the bottom
- Percentage Rounding
Fit the Income Statement on One Page
2Income Statement (9-column Statement Format)
2Statement of Retained Earnings
1Statement of Changes in Net Assets
4Statement of Partners' Capital
4Statement of Cash Flow (2 Year with % Format)
3Statement of Cash Flow (9-column Statement Format)
3Notes to the Financial Statements
314- Notes Summary and Behaviors
- Notes Menu
- Inserting, sorting, updating or deleting a Note
- Common Note Features
- Note Diagnostics
- Linking Individual Entity Balances to Notes
- Copy a Note from an Existing File
- Inserting a Note from Excel
- How do I remove the carryforward header?
- Specific Notes
Common Note Features
1Specific Notes
303- Significant Accounting Policies
- Bank Indebtness
- Basis of Presentation
- Cash Flows
- Comparative Figures
- Contingent Liability
- Contractual Obligations
- Description of Business
- Due to (from) Related Parties
- Due to (from) Shareholders
- Economic Dependence
- Exceptional Items
- Financial Instruments
- Generic and Single Column
- Generic Two Column
- Generic Three or Five Column
- Generic 9-column note
- Going Concern
- Government Assistance
- Intangible Assets
- Joint ventures and Subsidiaries
- Lease Commitments
- Loans and Notes Receivable
- Long Term Debt
- Long Term Investments
- Obligations under Capital Lease
- Other Category A
- Other Category B
- Property, plant and equipment
- Refundable Income Taxes
- Related Party Transactions
- Marketable Securities
- Short Term/Callable Debt
- Share Capital
- Subsequent Events
- Tax and Other Government Remittances
Significant Accounting Policies
78- Assets under capital leases policy
- Basis of consolidation policy
- Basis of presentation - introduction to policies
- Basis of presentation policy
- Callable debt
- Capital management (PAE)
- Capitalized costs policy
- Capital management requirements
- Cash and short term investment policy
- Cash and short term investments policy
- Cash and cash equivalents policy
- Cash equivalents policy
- Changes in accounting policies
- Changes in accounting policies - ASPE/ASNPO
- Comparative figures policy
- Contributed services (Not for Profit)
- Convertible debt instruments policy
- Deferred franchise fee policy
- Depletion (Not for Profit)
- Development costs policy
- Donated goods (Not for Profit)
- Employee future benefits
- Environmental expenditures policy
- Financial instruments policy (ASPE/ASNPO)
- Financial instruments policy 2
- Foreign currency policy
- Foreign currency translation policy
- Fund accounting (Not for Profit)
- Future changes in significant accounting policies
- Future income taxes policy
- Generic 2 column policy
- Going concern policy
- Goods and Services Tax (Not for Profit)
- Goodwill policy
- Government assistance policy
- Government grants policy
- Impaired loans and allowance for loan impairment policy
- Impairment of Long Lived Assets (Not for Profit)
- Income taxes payable policy
- Incorporation and operations policy
- Indefinite-life intangible assets policy
- Intangible assets policy
- Interest capitalization policy
- International financial reporting standards (IFRS)
- Inventory policy
- Inventory policy 2
- Inventory policy 3
- Inventory - agricultural measured at cost
- Inventory - agricultural measured at net realizable value
- Investment tax credit policy
- Investments policy
- Other investments policy
- Investments with significant influence policy
- Investments and other non-cash assets (Not for Profit)
- Investment in joint ventures policy
- Leases policy
- Leases policy 2
- Measurement uncertainty
- Measurement uncertainty policy 2
- Measurement uncertainty policy 3
- Net assets (Not for Profit)
- Other assets policy
- Pledges (Not for Profit)
- Productive biological assets
- Proprietorship / partnership policy
- Property, plant & equipment policy
- 2nd property, plant & equipment policy
- Removal & restoration costs policy
- Research and development policy
- Retractable and mandatory redeemable shares policy
- Revenue recognition policy
- Revenue recognition (Not for Profit)
- Sales revenue recognition policy
- Single policy with no heading
- Software costs policy
- Stock based compensation policy
- Stock options policy
- Additional policy 1-20
Bank Indebtness
3Basis of Presentation
5Cash Flows
3Comparative Figures
3Contingent Liability
3Contractual Obligations
9Description of Business
3Economic Dependence
5Exceptional Items
5Financial Instruments
4Generic and Single Column
12- Bank note payable - bank
- Credit facility
- Discontinued operations
- First Time Adoption of ASPE / ASNPO
- Incentive stock option plan
- Insurance claim
- Introduction to notes
- Loan payable
- Shares classified as liabilities
- Generic note 1a - 1ad
- Generic note KN50 - KN54 with single numeric column
- Generic note KN55 with single numeric column (5 subsections)
Generic Two Column
4Generic Three or Five Column
16- KPA - Allocation of an impairment loss
- KP6 - Inventory note with quantities
- KPE - Inventory option 2
- KP5 - Other assets note
- KPG - Right of Use Lease
- KP9 - Sales details
- KPD - Detailed amortization note
- KP7 - Stock based compensation plan
- KPB - Stock options
- KP1 - 3 or 4 column with comparatives
- KP2 - KP4 - 3 or 4 column with total column
- KP8 & KPC - 3 to 5 column multi-section note
KP6 - Inventory note with quantities
1KP5 - Other assets note
1KP1 - 3 or 4 column with comparatives
1KP8 & KPC - 3 to 5 column multi-section note
1Going Concern
6Government Assistance
5Intangible Assets
4Joint ventures and Subsidiaries
11Lease Commitments
4Loans and Notes Receivable
4Long Term Debt
4Long Term Investments
4Obligations under Capital Lease
7Other Category A
5Other Category B
5Property, plant and equipment
6Refundable Income Taxes
3Marketable Securities
3Short Term/Callable Debt
5Subsequent Events
4Tax and Other Government Remittances
14- Default
- Non-capital Tax Losses Carried Forward
- Capital Tax Losses Carried Forward
- Investment Tax Credits
- Reconciliation of Income Tax Expense (dollars)
- Reconciliation of Income Tax Expense - Format 2
- Future Income Taxes
- Future Income Taxes - option 2
- Government Remittances Payable Other than Income Tax
- Change in Accounting for Future Taxes
- Capital Tax Losses - Format 2
- Income Taxes - Cash Basis
- Generic Tax Note
Government Remittances Payable Other than Income Tax
1Jazzit Schedules
23- Inserting Schedules into the Jazzit Financials Statements
- Applying the Entities to Schedules
- Link GL Balances to Schedules
- Include Schedule Balances on the Statements
- Schedule Formats
- Adding more than 20 Schedules
Schedule Formats
14- 1-2 Column Income Statement Schedule
- 1-9 Income Statement with Budget Schedule
- Generic 9 Column with Subtotals Schedule
- Partner's Taxable Income Schedule
- Manufacturing Cost of Sales Schedule
- Analysis of Sales and Gross Profit Schedule
- Property, Plant and Equipment Schedule
- Statement of Comprehensive Income
- Management's Responsibility Report
- Key Performance Indicators
- Generic letter (FSLETTER)
Key Performance Indicators
3Adding more than 20 Schedules
3Jazzit Letters
68- Letters Included In Jazzit
- Express menu in letters
- Common Letter Features
- Additional letter (Q1-Q9 QA-QK)
- Acknowledgement of independence letter (JZAOI)
- Accounts payable confirmation (JZAP1)
- Accounts receivable confirmation (JZAR1)
- Additional letter from client (JZR1)
- Bank confirmation (BC-BG)
- Bank confirmation letter (BL-BP)
- Bank confirmation letter for client (BB)
- Bookkeeping letter (JZBKL)
- Client Enclosure Letter (CL)
- Client Invoice (I1)
- CRA enclosure letter (T2)
- Envelope #10 (I1)
- Management Representation Letter (JZRL)
- Minute book review (JZMBREV)
- Engagement Letter (JZEL)
- Independence letter (JZIL)
- Management Letter (ML)
- Letter to Lawyer (JZL1)
- Letter to predecessor accountant / auditor (JZPA)
- Provincial tax enclosure letter (P1)
- Year-end checklist letter (YC)
- Custom Report (JZRX)
- Waiver of audit resolution (WV)
Common Letter Features
13Bookkeeping letter (JZBKL)
2Client Enclosure Letter (CL)
4Client Invoice (I1)
2CRA enclosure letter (T2)
2Envelope #10 (I1)
2Management Representation Letter (JZRL)
2Minute book review (JZMBREV)
4Engagement Letter (JZEL)
2Management Letter (ML)
2Letter to Lawyer (JZL1)
2Provincial tax enclosure letter (P1)
2Year-end checklist letter (YC)
2Jazzit Working Papers
125- Working Papers Included In Fundamentals
- Common Working Paper Features
- Working Papers Diagnostics
- Account Analysis Working Paper (IU)
- Accounts payable confirmations control (JZAPCTRL)
- Accounts receivable confirmations control (JZARCTRL)
- Additional working paper (W1-W9 WA-WK)
- ASPE - revaluation of property, plant & equipment (JZASPEPE)
- Accrued Liabilities (JZAL)
- Business Use of Home and Vehicle (JZBUHV)
- Bank reconciliation (JZBR1-5)
- Callable Debt (JZCD)
- Capital Leases (JZCPL)
- Considerations for next year (JZNEXT)
- Continuity of disposals (CE)
- Checklist with Y/N & checkmark (JZPCA)
- Checklist with checkmark and initials (JZPCB)
- Checklist with Y/N and initials (JZPCC)
- Checklist with multiple Y/N columns (JZPCD)
- Checklist with multiple checkmark columns (JZPCE)
- Deferred income (DI)
- Diagnostic Report (JZDIAG)
- Engagement queries (JZQS)
- Final checklist (FC)
- Financial instruments (JZFIW)
- Financial statements checklist (FI)
- Generic Working Papers
- Income Taxes (TX)
- Investment income (JZDR)
- Future income taxes (FT)
- Intangible assets (IA)
- Jazzit print package (JZPACK)
- Knowledge of business checklist (JZKC)
- Loans and notes receivable (JZLNR)
- Loan Calculator (JZLAMORT)
- Long Term Debt (LT)
- Marketable Securities Working Paper (MS)
- Net worth statement (JZNET)
- Notes from review with client (3B)
- Other non-current assets (OD)
- Prepaid expenses (PE)
- Property, Plant and Equipment (CA/CB)
- Reconciliation of cost to UCC
- Reconciliation of retained earnings at transaction date (JZASPE1)
- Risk assessment for account balances (RA)
- Summary of misstatements (JZMIS)
- Tax payments schedule (JZTXPMT)
- T4 reconciliation (JZSR)
- Tax - Detailed Method Working Paper (GS)
- Tax - Quick Method Working Paper (G1)
Account Analysis Working Paper (IU)
4Working Paper Highlights
2ASPE - revaluation of property, plant & equipment (JZASPEPE)
2Accrued Liabilities (JZAL)
2Callable Debt (JZCD)
3Working Paper Highlights
2Capital Leases (JZCPL)
3Working Paper Highlights
2Deferred income (DI)
2Diagnostic Report (JZDIAG)
2Generic Working Papers
17- Comparative Generic (M1)
- Five Year Generic Working Paper (N1)
- Five Column Generic Working Paper (JZ5COL1)
- Five Period Generic Working Paper (JZ5P)
- 5 Period Income Statement with % (JZ5YRIS)
- Generic 9 column multi-section (JZGNMSWP)
Comparative Generic (M1)
2Five Year Generic Working Paper (N1)
2Five Column Generic Working Paper (JZ5COL1)
2Five Period Generic Working Paper (JZ5P)
25 Period Income Statement with % (JZ5YRIS)
3Investment income (JZDR)
2Intangible assets (IA)
2Knowledge of business checklist (JZKC)
2Loans and notes receivable (JZLNR)
3Working Paper Highlights
2Loan Calculator (JZLAMORT)
3Long Term Debt (LT)
3Working Paper Highlights
2Marketable Securities Working Paper (MS)
16- Template Specific Options
- Marketable Securities Highlights
- Adding/creating additional Marketable securities working papers to a file
- Recording An Addition to the Cost base
- Foreign Exchange Marketable Case Study
Marketable Securities Highlights
11- Broker Summary
- Average monthly exchange rates
- Realized loss (gain) on foreign exchange
- Interest earned (paid) on cash balances and cash transfers during the year
- Summary of disposals during the year
- Summary of income/payments
- Gain (loss) on sale of securities*
- Marketable securities summary
- Unrealized gain (loss) marketable securities
- Specified foreign property
- Securities Details
Prepaid expenses (PE)
2Property, Plant and Equipment (CA/CB)
3Tax - Detailed Method Working Paper (GS)
2Tax - Quick Method Working Paper (G1)
2Consolidations
40- Setting up the entities in Caseware
- Assigning accounts to the entities
- Sub entities
- Importing accounting data into consolidation file
- Map Numbers for the Equity Accounts
- Setting up the Client profile in the Jazzit Financial Statements
- Using the 2 Year with % format
- Using the 9 Column Statement Format
- Restricted Fund Method
- Year End Close With Multiple Funds
- Changing the financial statements prefix
- Using the 9 column financials statements format for consolidations
- Rounding the financial statements when entities are used
- Notes to the Financial Statements
- Property, plant and equipment working paper
- Year-end close with multiple entities
Importing accounting data into consolidation file
2Using the 2 Year with % format
10- Statement of Changes in Net Assets
- Statement of Revenues and Expenditures
- Statement of Financial Position
Statement of Changes in Net Assets
2Statement of Revenues and Expenditures
5Using the 9 Column Statement Format
2Restricted Fund Method
4Year End Close With Multiple Funds
2Rounding the financial statements when entities are used
2Notes to the Financial Statements
2Updating Jazzit Fundamentals
22- Overview
- What you will need
- Updating the Resource Centre
- Updating the Jazzit Master File
- Updating the FULMST and Firm Templates
- Updating Client files
- Updating individual modules manually without using the update control
- Updating FRMLIB and FRMMST
Updating the Resource Centre
9- Step 1 - Connecting To the uncompressed GENMST
- Step 2 - Download from website to update directory
- Step 3 - Connecting to the klibupdate Directory
- Step 4 - Refresh Dates
- Step 5 - Update all modules without customization dates
- Step 6 - Load 9 - Column Statement Defaults
- Additional Steps
Additional Steps
2Updating the Jazzit Master File
5Updating Jazzit Financial Statements
3Jazzit PACT
52Installation of Jazzit PACT
7Using Jazzit PACT
23- PACT Document control
- Template Options
- Notes to Preparer
- Common Checklist Features
- Using Keyboard for Quick entry
- Common Letter Features
- Worksheet - Time budget (C2-90)
- Report transmittal (C3-95)
- Tax Service Letters
- Standard transmittal letter (TSTL2)
- Using The Fundamentals Letter
Common Letter Features
12Option area
4PACT Letter Paragraph Options
4Updating Jazzit PACT
19Updating Jazzit PACT (Quick Method/No Letterhead)
7Updating Jazzit PACT (Regular Method)
10- When to use the Regular method...
- What you will need - PACT Update Regular method
- Updating the Resource Centre (PACT Compilation KLIB)
- Updating PACT checklists in the Master file (PACT Compilation Master)
Updating the Resource Centre (PACT Compilation KLIB)
6- Step 1 - Connecting To the uncompressed PACT Compilation Master
- Step 2 - Downloading and Installing From the website to the Update Directory
- Step 3 - Connecting to the PACTUpdate Directory
- Step 4 - Refresh Dates
- Step 5 – Update all modules without customization dates
- Updating Customized Checklists/letters (if applicable)
Jazzit PEG
81- Installing the Jazzit Programs and Checklists
- Using the Jazzit Programs and Checklists
- Updating Jazzit PEG
Installing the Jazzit Programs and Checklists
7Using the Jazzit Programs and Checklists
53- Document Control (JZPCKEY & JZPCKEYA)
- Common Checklist Features
- Using Keyboard for Quick entry
- Common Letter Features
- Review Checklists
- Audit Checklists
Common Checklist Features
3Common Letter Features
12Review Checklists
13- Worksheet - Time budget (2-90)
- Report transmittal (6-10)
- Materiality (2-10)
- Engagement scope (2-20)
- Worksheet - Review engagement plan (2-91)
- Worksheet - Analytical review (3-95)
- Engagement scope (ALT R2-20)
- The PEG 3-step CSRS 4200 compilation approach (CAMAP (4200))
- The PEG 6-step review approach (REVIEW MAP)
- Review file index — [Sample] (R01)
- Review file index — [Sample] (PEGR01R)
- Worksheet — Minutes of governance meetings (3-90)
- Worksheet — Notes on meetings with management and others (3-96)
Audit Checklists
19- Report transmittal (100)
- Modified Opinion (306)
- Worksheet - Time budget (450)
- Materiality (420)
- Service Organizations (516)
- Understanding accounting estimates and related disclosures (513)
- Worksheet — Final analytical procedures (655)
- Engagement scoping - Group Audit (590.600)
- Letter to a component auditor (JZLCA1-5)
- Export and Printing
- CAS 315
CAS 315
8- 520 - Risk register - Identifying and assessing risks of material misstatement
- 550 To 551
- 590 To A-Z 100 Series Checklists
- A-Z 100 Series
- Copying filled in checklists to other Caseware files
520 - Risk register - Identifying and assessing risks of material misstatement
3Updating Jazzit PEG
18Updating Jazzit PEG (Quick Method)
6Updating Jazzit PEG (Regular Method)
10- What you will need - PEG Update Regular method
- Updating the Resource Centre (PEG Review KLIB)
- Updating PEG checklists in the Master file
- Updating the Resource Centre (PEG Audit KLIB)
Updating the Resource Centre (PEG Review KLIB)
6- Step 1 - Connecting To the uncompressed PEG Review Master
- Step 2 - Downloading and Installing From the website to the Update Directory
- Step 3 - Connecting to the PEGRVUpdate Directory
- Step 4 - Refresh Dates
- Step 5 – Update all modules without customization dates
- Updating Customized Checklists/letters (if applicable)