Model Financial Statements brings together the information needed by anyone responsible for preparing or auditing financial statements.

Model Financial Statements is prepared and updated in response to the changing environment for financial reporting in New Zealand. It integrates the requirements of the Companies Act 1993 and the Financial Reporting Act 1993, the FRS, IFRS and IAS approved by the Accounting Standards Review Board, the standards issued by the Financial Reporting Standards Board but not yet approved by the ASRB, and the Listing Rules of New Zealand Exchange Ltd (NZX).

KEY FEATURES:

• Sample financial statements for a range of entities.
• Financial disclosure templates for both FRS and NZIFRS.
• A comprehensive summary of key issues of all FRS, IFRS and IAS in an easy-to-read format.
• A comprehensive overview of the current year’s presentation formats for various entities’ financial statements.
• New update available in late March each year, in readiness for the forthcoming reporting season.
• Detailed model accounts with full disclosure notes cross-referenced to legislation and reporting standards.
• A quarterly newsletter with information on the latest developments and trends.

Anyone who prepares and audits financial statements will find that they receive guidance and an up-to-date understanding of New Zealand’s financial reporting requirements through Model Financial Statements.

CD:1-3 Users

Author: Bill heritage