Solved known issues and recommendations about upgrades, Q1 2021

Version  Ref  Solved Known issue (KI) and new or extended functionality

20 CPV4.1
AARO and AARO Lease IFRS 16

 In the patch 20 CPV4.1 which holds also the bug fixes and extended functionality from 20 CPV4 we have included additional bug fixes, please see below.
The patch 20 CPV4.1 is replacing the 20 CPV4 in planned upgrades for both AARO and AARO Lease IFRS 16. Should you have 20 CPV4 and experience the 10221 as a problem, please contact our support to replace the 20 CPV4 with 20 CPV4.1.
10221 Fix added in 20 CPV4.1 (KI in 20 CPV4)
Fixes the issue where reports with Source:INPUT with multiple columns or rows behaved differently due to a temporary bug in (20 CPV4). When executed, the reports presented a matrix of possible combinations given your selection on the row or column parameters instead of only the combinations with data (unless you activate remove empty rows/columns). If you have ‘All’ selected and you have wide access in AARO this could have created a very large report and in some situations, this would affect the performance of presenting the report. If many users were executing large reports at the same time the reports could hang and in worst case cause the server to go down.

20 CPV4 AARO

 9672 Extended functionality!
We now support moving opening balances values with Legal Type PE and PEInv for dimensions with FromCo as Subdimension when member relation changes between closing and opening periods, also when the dimension is not defined as a Legal Group.
9898, 9892 Isolated average translation

  • Fixes the issues where the calculations of Depreciation (DeprDepr) was incorrect for periods with isolated average translation for GWIDs which you make changes for over time, in year 2 and later.
  • Fixes the issue for cash flow in periods with isolated average translation for a Cash flow set up where you have part of the cash flow to historic rates and the rest following calculation to average rate (the isolated average translation logic in this case applied). Our usual logic expects an average translation of the whole Cash flow and there we do not have this problem. We now consider the specific situation mentioned for CF calculations for periods with isolated average translation.
9776 Fixes the issue where comments were deleted for all companies when you copy legal information for a selection of companies in Data Entry Legal. The copy functionality in Legal should not delete nor copy comments at all.
9385 Fixes the issue with not correctly reversed depreciations if you retire an Excess value within the same year as it is acquired and the asset is not owned from the start of the year and you reverse the values in Data Entry Legal not in the acquired ID column but create a duplicate of the ID and reverse the values there (which is what the Dispose button will do). After the upgrade a recalculation of the reversed depreciation will give a correct depreciation value in this situation. Our recommendation however is that in this situation you should reverse the values within the same column.
9380 Fixes the problem where Excel Send converted Accounting Type ID to upper case letter and it was not possible to send data on AcctType other than default unless the AcctType ID was uppercase letters. Now Send formula is case sensitive and will send on ID matching the spelling

20 CPV4 AARO Lease IFRS 16

 9697 Extended functionality!
Fixes the issue where the use of isolated average translation for periods was not supported for Lease.
Changed logic
The handling of exchange differences LOC to Group has been inconsequent. To solve possible issues and align the functionality with other exchange difference calculations the technical upgrade will replace translation logic with bookings logic for each asset class. For extra asset classes it must be added manually. For more information please see configuration notes.
9572 Fixes the issue with sequential periodic payment plans where different periodicity and/or offset (prepayment) are set up. The calculation used the last set up payment and not the individual calculations.
9692 Fixes the issue where importing a contract with changes multiple times in the same period caused incorrect calculation of Deferred Tax. If you have incorrect values remove the revision causing the incorrect deferred tax in the period for that contract and add the changes for the contract manually in the contract view or import again now with the version where this is fixed.

 

Version Ref Solved Known issue (KI) and new or extended functionality

21 CPV5 AARO

 10679 Fixes the issue in ESEF export where sum formulas were not presented for sum accounts in a report with Matrix Layout. (Will be fixed in 22 CPV2).
10694
10676
10620
  • Fixes the problem in how Report Total and Grand Total are calculated for accounts of type Ratio, ConsRatio, Expression and calculated items. They were incorrectly calculated as sum of the accounts underlying parameter. Now they are calculated according to the account formula.
  • Fixes the issue where the Report Totals and Grand Totals were lost in the intersections of totals where both rows and columns have these settings activated.
10640 Fixes the issue in Match reports where long comments in the comment field on a counter entry was truncated and not fully visible. (Will be fixed in 22 CPV2).
10321 Fixes the issues where the elimination of past equity on legal Type PE was not handled correctly in the legal subgroup as dimension logic for a company owned by parents belonging to different subgroups. Depending on what version you come from the problems may have been partly solved already but we have now secured that both are fixed with upgrade to 21 CPV5.

  • Elimination of PE that originated from the ”minority Parent” was also eliminated in ”majority parent’s” subgroup. This generated an incorrect presentation of the subgroup where the majority was placed, giving negative values on account 1310.
  • Another problem was also that the elimination of the minority’s part was placed in ”OTHER” but should be in ”ELIM.

(Will be fixed in 22 CPV2).
10308 Improved performance!
We have improved the performance of using the Find button in Legal to search for a specific Company. Depending on the size of a Company structure it took a long time before the Find dialogue appeared. This should now be faster. (Will be fixed in 22 CPV2).
10736 Fixes the issue where the ODBC driver was used from Excel with AARO Connector. Values inserted into Excel got corrupted showing not readable characters. This version of the ODBC driver can be used with any AARO version to get around this problem.

21 CPV5 AARO Lease IFRS 16

 10669 Prepayments not correctly calculated (payment plan changes with remeasurement date within remeasurement period).
Fixes the issue where the calculations of prepayments affecting the periods changes was incorrect which in turn effected the result in income statement in different areas. It was also visibly noted in the Preview Payment reflecting the payment schedule where you saw that the effect to date for the payment before the changed payment plan was incorrectly cut off earlier than it should be. The problem was for contracts with prepayments using periodic schedule with either Start of Month or Scheduled date where payment plan is changed with a remeasurement (adding a sequential payment row) and where the remeasurement date is within the period where remeasurement is made.
(Will be fixed in 22 CPV2).
10660 Prepayments not correctly calculated (payment plan changes in original period).
Fixes the issue where the calculations of prepayments affecting the periods changes is incorrect which in turn effected the result in income statement in different areas. It was also visibly noted in the Preview Payment reflecting the payment schedule where you saw that the effect to date for the payment before the changed payment plan was incorrectly cut off earlier than it should be. The problem was for contracts with prepayments using periodic schedule with either Start of Month or Scheduled date where payment plan is changed adding sequential prepayment rows within the original period.
(Will be fixed in 22 CPV2).
10593 Fixes the issue for contracts that is terminated where the contract has either a remeasurement or decrease of scope has been used within the same year. The current accumulated interest and depreciation, from the termination date until the end of the year, was too low and the interest and depreciation were calculated as if the termination was a remeasurement at the termination date.

 

Version Ref Solved Known issue (KI) and new or extended functionality.
Please see also the Release notes for AARO22 for full presentation of new features in AARO

22 CPV1.1 AARO and AARO Lease IFRS 16

 By upgrading to AARO22 you will get the below, and more:

Simplified administration for faster closing by:

  • Support for changes with period-based logic – With this we have a significantly improved support for changes in AARO where you can keep logic for historic periods and apply changes only to future periods.
  • Copy or create multiple periods.
  • Extended user group functionality – Define if workflow content and its presentation in agenda on a dashboard should follow the dashboard user group belonging or not.

Improved analysis for increased transparency in closings by:

  • Analyse match differences in any currency.
  • Acquiring Parent in reports – Acquiring Parent which is used to allocate investments in Subgroups in the acquisition register is now a drilldown entity as a compliment to analysing in Data Entry/Legal and to better understand the eliminations in the different Legal Subgroups.
  • Traceability in reports of an amount’s origin – The concept is called From Account where we calculate and transfer amounts from one account to another. By using From Account as drilldown parameter in reports you get information of the origin of the amount derived from different logics.
  • Expand/Collapse enhanced – With a temporary collapse functionality we now support e.g. comparison period for reporting where you can collapse values independently.
  • Exclude dimension values in report – Simplify and avoid administration in reports by using the new exclude dimension value setting which exclude the selected values and include all other values. The great benefit is that the report will include new added dimension values/companies without having to edit the report.

Enhanced user experience to make closings easier by:

  • Search filter in Parameters and Report tree – find the report you forgot where it is saved.
  • Split Code and Description at export to Excel – at export of a report to Excel (not live) there is a setting to export Code and Description on different columns.
  • Recon result and Process status to Excel – The recon result can now be exported to Excel including information of status whether the reporting is InProgress or Completed.
For 22 CPV1.1 we present bug fixes not fixed in CPVs for AARO21 nor AARO20.
22 CPV1.1 hold bug fixes performed in parallel and after release of 21 CPV4 but was released before 21 CPV5. Therefore some of the bugfixes in 21 CPV5 will be fixed with the release of 22 CPV2 in April 2021.
22 CPV1.1 AARO Lease IFRS 16 9703
9679		 Changed calculation of short part solves negative short part lease liability for high inflation countries.
We have changed the calculation of the short part of lease liability. Previously we calculated the short part of lease liability as the difference between the current closing balance of total lease liability and what the closing balance of total lease liability would be in 12 months. The calculation of what the lease liability would be in 12 months included the interest (that would increase the lease liability) for the next 12 months. We have concluded that this calculation is incorrect. The new calculation filters out the Payments, Expiration costs and Purchase options happening within the next 12 months and calculate the present value for those. This fixes the issue which was most noticeable where the previous calculation caused a negative short part when you have high inflation with high interest rate and a rapid increase in nominal payments as the previous calculation included a higher “added on” interest increase of the lease liability but a lower payment reduction of the lease liability. Please note that the changed calculation will give a difference in your figures when looking at the distribution between long and short part.

 

Aaro Systems recommendation on Upgrades
– AARO & AARO Lease IFRS 16:

  • Aaro systems always recommends you as a customer to upgrade to the latest version (Major and CPV), this to ensure that you take advantage of the latest bug fixes, as well as new functionality.
  • An upgrade to AARO22 CPV1 is our strong recommendation. In AARO22 we have new functionality that is not available in AARO21 and AARO20.
  • Please note that with the release of AARO22 we no longer maintain AARO20 meaning we do not fix found issues. 20 CPV4.1 is the last available CPV. Our strong recommendation is to upgrade to AARO22 if you are currently in AARO20.