Each security can track the accumulated comprehensive income to account for differences in cost and fair market value. Set the Do you want to include comprehensive income option to Yes to enable this option.
When selecting No, the Valuation of marketable securities section will appear. Select what the Marketable Securities is valued at using the popup menu.
This working paper should only be updated from the Resource Centre after a year-end close roll forward in Caseware (i.e. opening balances only with no transaction details).
Select None if no specified foreign properties are held. This will hide the checkbox selection for each security as well as any sections related to specified foreign property.
If specified foreign properties exists, leave the selectionAs selected this will give you the checkbox selection for each security which can be selected as necessary. Refer to specified foreign property for more information. This will also show any other sections related to specified foreign property.
You are also able to indicate the maximum fair market value during the year for each specific foreign property held. This summarized in the specified foreign property table.
Multiple marketable security working papers and diagnostics
You can choose to include amounts from other Marketable Securities working papers if the broker has more than 40 securities. Select Yes and check off which working papers you want to include. You don't need to follow the same process on the other working papers. TheAre you using more than one marketable security working paper in this file question will be automatically set to Yes.
You'll be asked whether you want to combine the balances of the broker reconciliation sections of the working paper(s) selected. If you prefer seeing each working paper's summary independently, selectNo, if you want the balances to be combined, select Yes.
When selecting the not to include amounts from other marketable security working papers, you still have the option to indicate whether you are using more than one marketable security working paper in the Caseware file. This will remove the diagnostics from the working papers to avoid confusion. Each marketable security working paper should be set to yes.
The titles and descriptions of the Income/Payment types can be edited accordingly by typing in the description or abbreviation in the input fields. In individual securities, the first entry (Ordinary dividends - OD) is always the default entry. You can change it to something different if you want a different default.
Lines can be quickly added using this section. Click on the “+” to add a line and click on the “-“to remove a line for a particular security. The number of lines in a security can be seen in the brackets. Exercise care when removing lines as it is possible to ended up deleting filled in lines using this function.
