Under 'Reporting Options' in the database, 2 new sub groups have been added:
Limited by Guarantee
Engagement (for General Engagement and Investment Business Engagements)

Under 'Documentation' in the page section 2 new pages have been added:
ENGAGE2 - Letter of Engagement - Company Limited By Guarantee
ENGAGE3 - Letter of Engagement - Investment Business

New Print Selection 11 - Members Accounts - Limited By Guarantee

New Note 37 - Limited By Guarantee

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Under 'Auditors'/Accountants' Report' in the database:
Auditors Report sub group has been updated for the Modified Reports issued by the APB Audit Report Bulletin 2006/01

Under 'Documentation' in the page section:
ENGAGE1 - Letter of Engagement - has been updated

Under 'Financial Accounts' in the pages section all the following have been updated:
Cover Page
Contents Page
Directors and other information page
Directors Report
Statement of Directors Responsibilities
Auditors Report
Section 18(4) Auditors Report
Balance Sheet
Balance Sheet FRS 23-26
Combined Detailed Trading Profit and Loss

All the 'Headers' have been updated to reflect changes that may be applicable to Companies Limited By Guarantee

In addition to these updates Accounts Production has been recently updated to include a number of essential FRS Updates and Audit Working Papers which allow for the production of an audit pack. Lead schedules have also been enhanced to incorporate the New International Standards on Auditing. These are listed below.

Irish/UK Standards included in the master format:

FRS 20 Share Based Payment

FRS 21 Events after the Balance Sheet Date

FRS 23 The effects of changes in the Foreign Exchange Rates

FRS 24 Financial Reporting in Hyperinflationary Economies

FRS 22 Earnings per share

FRS 25 & 26 Financial Instruments Measurement

FRS 17 Retirement benefits

FRS 27 Life Assurance

Other Compliance included in the master format:

Audit Report Bulletin 2005

ICAS Audit 0105

MI 41 Irish Accountants Report

FRS 2 Accounting for subsidiaries

FRSSE 2005

Defect Fixes Formats

UITF 39 Members' shares in co-op entities and similar entities

UITF 40 Revenue Recognition & service contracts

Companies Limited by Guarantee

APB's Audit Report Bulletin 2006/01

Letter of Engagement for Investment Business

Ethical Standard - Provisions Available for Small Entities (PASE)

Online help facility with comprehensive instructions helping you to maximise the use of Sage Accounts Production.
Line 50 Import Wizard has been streamlined and enhanced and has the following new features

• Enables you to select Line 50 Datasets not in your client list & to map nominal codes easily
• Enables you to specify that new clients should automatically be added to the client list

Tools – Settings Menu Option – improvements to this menu allow you to manage your own settings for analysis of accounts information and generating reports
Enhanced Desktop with improved navigation and customisation.
To complement the Sage Accounts Production system, the following additional modules are included free of charge as part of Sage Accounts Production V5.0, which together provide a complete, integrated solution to suit the requirements of the professional practice:

• a Sage Bookkeeping Module, which allows for sales and purchase ledgers to be maintained.
• an Audit Working Papers Module, which allows for the production of an audit pack and lead schedules.
• The enhanced link between Accounts Production v4.0 upwards and Line 50 v.12 is a time-saving tool, as you can now more easily drill down into the balances that have been imported from your clients' Line 50.

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