9537 Software

Aveva Group Plc Monitor

Aveva Group Plc Annual Report 2019
CR Monitor Issue: 
2019/0619
Company covered: 
Aveva Group Plc
Period End: 
31 March, 2019
Report issued on 20 June 2019 covered the following practice issues:
Pronouncements
Adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers with effect from 1 April 2018.
Pronouncements
Quantification of the expected impact of IFRS 16 Leases applicable from 1 April 2019.
Change
Finalisation of the accounting of a reverse acquisition in the prior year.
Change
Past service cost recognised for the equalisation of Guaranteed Minimum Pensions (GMP).

Sage Group plc Monitor

Sage Group plc Annual Report 2018
CR Monitor Issue: 
2019/0213
Company covered: 
Sage Group plc
Period End: 
30 September, 2018
Report issued on 26 February 2019 covered the following practice issues:
Change
Detailed discussion of a new key audit matter added to the auditor’s report.
Pronouncements
Extended disclosure in respect of the expected impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", and IFRS 16 "Leases".
Change
Deferred tax changes recognised following changes to US tax legislation.
Restatement
Finalisation of provisional fair values in respect of a prior year business acquisition.

Fidessa Group plc

Fidessa Group plc Annual Report 2017
CR Monitor Issue: 
2018/0803
Company covered: 
Fidessa Group plc
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Pronouncements
Detailed disclosure added in respect of the future impact of IFRS 15 "Revenues from contracts with Customers".
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Change
Enhanced disclosure of principal risks.
Change
Change in deferred tax assets linked to reduction in US tax rate.
Restatement
Restatement of prior year cash flow statement.

AVEVA Group plc

AVEVA Group plc Annual Report 2017
CR Monitor Issue: 
2018/0303
Company covered: 
AVEVA Group plc
Period End: 
31 March, 2017
Report issued on 06 March 2018 covered the following practice issues:
Change
Defined benefit pension scheme surplus presented separately on the face of the balance sheet.
Change
Deferred revenue disclosed separately from trade and other payables.
Change
Deferred tax classification altered.
Change
Detailed narrative description of proposed changes to directors' remuneration
Pronouncements
Revised FRC ethical standard results in change to non-audit services policy.
Change
Exceptional gain recognised in relation to a prior year business acquisition

Sage Group plc Monitor

Sage Group plc Annual Report 2017
CR Monitor Issue: 
2018/0211
Company covered: 
Sage Group plc
Period End: 
30 September 2017
Report issued on 27 February 2018 covered the following practice issues:
Change
Detailed disclosures in respect of business combinations including a stepped acquisition.
Change
Separate disclosure of discontinued operations on the face of the income statement.
Pronouncements
Disclosure of future impact information in respect of new standards yet to be adopted including IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Change in segment reporting to introduce a flatter more focused structure.

Micro Focus International plc Monitor

Micro Focus International plc Annual Report 2017
CR Monitor Issue: 
2018/0204
Company covered: 
Micro Focus International plc
Period End: 
30 April, 2017
Report issued on 13 February 2018 covered the following practice issues:
Change
Amortisation of capitalised research and development costs reclassified to cost of sales to achieve comparability.
Change
Goodwill recognised on business acquisition represents value of the assembled workforce and expected future economic benefits.
Pronouncements
Disclosures on amendments to IFRS 2.
Pronouncements
Qualitative disclosures on the future impacts of new revenue standard.
Change
Risk disclosures enhanced by inclusion of flow chart illustrating the risk management cycle.
Change
Disclosure of principal risk factors extended to identify competition as a new risk factor.

The Sage Group plc Monitor

The Sage Group plc Annual Report 2016
CR Monitor Issue: 
2017/0707
Company covered: 
The Sage Group plc
Period End: 
30 September, 2016
Report issued on 17 July 2017 covered the following practice issues:
Change
Designation as "Exceptional (non-recurring) items" identified as a significant accounting and reporting matter in corporate governance report.
Change
'Changes in finance systems and processes' identified as a risk of material misstatement by auditors.
Pronouncements
Un-quantified disclosure added regarding impact of impending revenue recognition standard.
Change
Newly acquired 20.7% holding in investment accounted for as an associate using the equity method.
New
Flowchart added to directors remuneration report showing amended conditions attached to performance share plan.
New
Directors remuneration report enhanced by inclusion of remuneration at a glance section.

AVEVA Group plc Monitor

AVEVA Group plc Annual Report 2016
CR Monitor Issue: 
2017/0109
Company covered: 
AVEVA Group plc
Period End: 
31 March, 2016
Report issued on 23 January 2016 covered the following practice issues:
Restatement
Alteration of income statement format results in aggregation of selling & distribution expenses and administrative expenses.
Change
Change in cost allocation results in restatement of selling & distribution costs and administrative expenses.
Change
Change in basis of segment reporting from business type to geographic location.
Change
Allocation of goodwill to cash generating units altered following change in organisational structure.
Restatement
Goodwill decreased following finalisation of asset fair values and consideration in relation to prior year business combination.
Change
Movement in opening deferred tax following a change in tax rates.

Dassault Systèmes Monitor

Dassault Systèmes Annual Report 2015
CR Monitor Issue: 
2016/0805
Company covered: 
Dassault Systèmes
Period End: 
31 December, 2015
Report issued on 16 August 2016 covered the following practice issues:
Change
Finalisation of provisional accounting results in recognition of additional goodwill.
Change
Disclosure of sensitivity analysis for assumptions made in valuation of defined benefit pension obligation.
New
Settlement reduction in defined benefit pension plan assets and obligation

Aveva Group plc Monitor

Aveva Group plc Annual Report 2015
CR Monitor Issue: 
2016/0201
Company covered: 
Aveva Group plc
Period End: 
31 March, 2015
Report issued on 05 February 2016 covered the following practice issues:
Change
Goodwill impairment test method changes from value in use to fair value less costs to sell, with no impairment.
Divergence
Fair value hierarchy level of goodwill measured at fair value less costs to sell not disclosed.
Change
Skills and attributes of assembled workforce explained in goodwill disclosures.
Change
Introduction of colour coded scheme to assess level and potential impact of risks.