Ratio classes
Ratio classes are used when performing analytical review and completing the Summary of Uncorrected Misstatements document. You can assign ratio classes in the Trial Balance and Mapping database under the Class column.
Notes:
- To calculate financial ratios correctly, ratio classes must be assigned to the accounts in the Trial Balance.
- To present transactions correctly in the Summary of Uncorrected Misstatements document, you must specify the appropriate ratio class for each Balance Sheet item.
Class | Description |
---|---|
TR |
Assets - Current - Trade receivable |
QA |
Assets - Current - Other quick |
IN |
Assets - Current - Inventory |
CA |
Assets - Current - Other |
FD |
Assets - Capital - Amortized cost |
FN |
Assets - Capital - Non-amortized cost |
FA |
Assets - Capital - Accumulated amortization |
IA |
Assets - Capital asset |
OA |
Assets - Other asset |
TP |
Liabilities - Current - Trade payable |
CL |
Liabilities - Current - Other |
LL |
Liabilities - Long term |
DI |
Equity - Dividend |
RE |
Equity - Retained earnings |
EQ |
Equity - Other |
SA |
Revenue - Credit sales |
SO |
Revenue - Other sales |
RO |
Revenue - Other |
CD |
Expense - Cost of sales - Amortization |
CN |
Expense - Cost of sales - Non-cash |
CI |
Expense - Cost of sales - Interest |
PU |
Expense - Cost of sales - Purchase |
CR |
Expense - Cost of sales - Repair and maintenance |
CS |
Expense - Cost of sales - Other cost of sales |
OD |
Expenses - Other - Amortization |
ON |
Expenses - Other - Non-cash |
IT |
Expenses - Other - Income tax expense |
OI |
Expenses - Other - Interest |
OR |
Expenses - Other - Repairs and maintenance |
OE |
Expenses - Other - Other expenses |