Tagging the primary statements - Step 5 - Validating

The fifth step in tagging a primary statement is to validate that the calculation hierarchy created in Step 4 is consistent with the values reported in the document. Please note this article deals only with these validation issues.  The validation process however will test for any validation issues which are covered in detail in this article.

To validate a report, go to the Validations panel and click Validate:

Calculation issues are blocking which means your submission will be rejected outright until they are cleared.

In the screenshot above, the calculation for Profit before tax is incorrect for both the current and the previous period. If you select a validation failure, Report Authority will:

1. Select the parent in the Calculation Hierarchy panel that has the issue; and
2. Select all objects in the report that contribute to the calculation.

In this case the issue is Finance costs.  Notice the values in the Evaluation Result column are exactly double the Finance costs. Furthermore in the values in the Expression column are showing a double negative so signage is the issue.  There could be one of two errors in this case:

1. The calculation hierarchy could be incorrect and the element needs to be subtracted rather than added (or visa versa); or
2. The calculation hierarchy could be correct but the signage of the tag could be incorrect.

Since the screenshot above is taken with the Accounting Balance View (Step 3), the problem is that Finance costs are being interpreted as a credit, and to resolve the issue, the signage of the tags must be reversed.

Here is a video demonstrating the process:

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