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IFRS licenses and support boundaries around legislation

Created on  | Last modified on 

Summary

This article sets out the guidelines for using the IFRS master in Sage APA

Description

IFRS licenses and support boundaries

The IFRS master was implemented to support clients who required to report under the "International Financial Reporting Standards" and is not to be used for UK FRS companies.

Resolution

CAUTION: Our support team can provide you with a licence to access the module, but please be aware that the master has not been updated for several years and is no longer supported by our support teams.

The legislation contained in the master is out of date (2014) and you can use it as a template for reporting under IFRS, but you will need to manually review and edit the accounts to ensure you are referencing the correct legislation. There are no plans for this master to be updated.

IFRS clients have no function to electronically file and you cannot produce XBRL accounts for either Companies House or HMRC.

 

To check if you are licenced for IFRS clients

  1. Click on Tools and select Licence manager
  2. On the bottom half of this screen you will see the 'Options' you are licenced for. If you are licenced for IFRS clients you will see it here.

 

Getting a licence for IFRS clients

If you would like to use the IFRS master

  1. On the licence screen, click on Change Licence
  2. Contact our experts on 01914795999 
  3. Mention on the call that you want the IFRS clients to be activated. This will be licenced free of charge.