Announcing the IFRS Version of CARS
We are pleased to announce the release of a major new version of CARS. This has been produced to support all the changes required for a full implementation of IFRS, and has also added extra functionality that has been requested by users. This version complies with the very latest Manual for Accounts and Summarisation Schedules for each Country. The new version also reflects specific accounting for PCTs and Foundation Trusts.
 
CARS already provides the user with a modern user interface, an Ad-Hoc Report Writer, and the ability to export all its information to many popular file formats. CARS continues to be an unrivalled package in handling all the variations of NHS capital accounting.
 
CARS is currently being used by over 55 Trusts throughout the United Kingdom. This includes Scotland and Wales, with the software reflecting the differences in the local accounting requirements, including multiple indexations and different treatments for impairments.  
 

We have used our extensive experience of NHS accounting to provide full support of all the new features required by the implementation of IFRS Standards. These include:-

  • Correct treatment of Impairments
  • Automatic removal of negative Revaluation Reserve balances
  • Support for non-current assets held for sale
  • Full support for more extensive reporting requirements
  • Full comparatives on annual accounts reports
  • Support for PFI and LIFT funded assets

This is in addition to the features available to all users which include:-

  • Full double entry bookkeeping, including the production of Reserve balances and the analysis of all Reserves by individual asset
  • Support for Revaluations, Impairments, Assets under Construction, Enhancements, Accelerated Depreciation, Reclassifications, Reversal of Impairments
  • The ability to have Donated Assets and partially Donated Assets without requiring separate elements
  • Support for Assets Held for Sale, Temporarily Idle Assets, Residual Values, Grouped Assets
  • The ability to Split and Combine assets to enable partial disposals, partial temporarily idle etc..
 
CARS also has a very modern user interface, an exciting new Ad-Hoc Report Writer, and the ability to export all its information to many popular file formats. All this in addition to maintaining the excellent accounting which makes CARS an unrivalled package in handling all the variations of NHS capital accounting.
 
Demonstration versions of the software are available so that you can make a ’hands on’ evaluation of the product. If you would like more information or would like to arrange a visit from one of our consultants please contact us as outlined below.
 
Details of this release can be donwloaded below:-
 
 
Next >
[ Back ]
© Nuesoft Ltd. 2009. All rights reserved.
Joomla Templates by JoomlaShack Joomla Templates by Compass Design