xyz model financial statements

XYZ MODEL
FINANCIAL
STATEMENTS
YOUR GUIDE TO THE NEW 2014 XYZ MODEL FINANCIAL
STATEMENTS product suite.
Your one-stop-shop for all your financial
reporting needs.
All subscriptions include a quarterly
newsletter to keep you informed of the latest
financial reporting developments.
Extensively
reworked
XYZ Model Financial
STATEMENTS Suite
Be confident that you have the resources to guide
you through the preparation and presentation of
financial statements with the XYZ Model Financial
Statements suite of products and the new Thomson
Reuters online service, XRB Financial Reporting
Standards.
What is XYZ
Model Financial
STATEMENTS?
XYZ Model Financial Statements (previously Brookers Model Financial
Statements) has been New Zealand’s premier financial reporting publication for
over 25 years.
During this time the publication has become the industry standard for the
preparation of compliant financial reports for accounting professionals and
businesses.
This year the existing favourites, XYZ Model Financial Statements General
Purpose Financial Reporting, and XYZ Model Financial Disclosures Checklists,
have been extensively reworked and expanded to help you understand how to
apply the significant changes occurring in financial reporting.
2014 will also see publication of a new companion work, XYZ Model Financial
Statements Workbook, which offers practical real world examples to illustrate
the application of New Zealand accounting standards.
Recognising that standards are the essential component behind all financial
reporting, Thomson Reuters has also developed a fully searchable online
database of XRB Financial Reporting Standards. Making the connection
between standards and their application is now instantly achievable as the
major XYZ works will link to the relevant standards in the Thomson Reuters XRB
standards database.
Used together the expanded XYZ suite of products and the new Thomson
Reuters XRB database of financial reporting standards will provide you with the
resources and tools needed to guide you through the preparation, presentation
and generation of compliant financial reports.
AVAILABLE FORMATS
Print
b
Online
o
b
o
XYZ Model Financial
Statements 2014 –
General Purpose
Financial Reporting
This is the go-to resource for entities
currently preparing general purpose financial
statements. Whilst there is an emphasis
on NZ IFRS and NZ IFRS – RDR which are
applicable for Tier 1 and Tier 2 for-profit
entities, it also includes examples for those
preparing their financial statements under
NZ IFRS – Differential Reporting or “Old
GAAP”.
Designed specifically for entities that
produce general purpose financial
statements, it contains example disclosures
for entities reporting under:
•F
ull compliance with the New Zealand
equivalents to International Financial
Reporting Standards (NZ IFRS)
•C
ompliance with the New Zealand
equivalents to International Financial
Reporting Standards applying the Reduced
Disclosure Regime (NZ IFRS RDR).
Benefits:
•S
tay up-to-date with an overview of the
recent changes to the financial reporting
framework, that provides guidance in
determining which of the four tiers an
entity will report under
• Step-by-step guidanceon how to save
time and resources in producing
professionally formatted financial reports
•R
educe the risk of non-compliance and
penalties
New in
2014
b
Extensively
reworked
o
o
XYZ Model Financial
Statements Workbook
2014
The 2014 XYZ Model Financial Statements
Workbook is a new publication that provides
practical guidance in applying the
New Zealand accounting standards.
It facilitates the identification of key issues,
examines the relevant accounting standards
under NZ IFRS and illustrates how they are
applied. The Workbook is used in conjunction
with the XYZ Model Financial Statements
2014 product suite as a practical reference
guide in understanding how to apply the
recognition and measurement requirements
for common but less widely understood
accounting topics such as lease incentives,
onerous contracts, compound and derivative
financial instruments. The Workbook
illustrates the application of the New Zealand
accounting standards using:
• Practical examples in the form of case studies
• Journal entries
• Tables, flow charts & diagrams
• Calculations & disclosure extracts
b
XYZ Model Financial
Statements NZ IFRS
Disclosure Checklist
& XYZ Model Financial
Statements NZ IFRS RDR
Disclosure Checklist 2014
The model disclosure checklists for NZ IFRS
and NZ IFRS RDR is the go-to resource
for entities currently preparing financial
statements under Tier 1 and Tier 2 for-profit
accounting standards. The comprehensive
collection of WORD templates provides a
detailed listing of the disclosure requirements
so that you can prepare and check whether
you have all the necessary disclosures.
The templates extract and consolidate all
your disclosure requirements together and
into cohesive checklists that when completed
allows a user to gain comfort that all
disclosures required under the accounting
standards approved by the External Reporting
Board have been included within their
financial statements.
New in
2014
o
XRB Financial Reporting
Standards
There is now more than 3,000 pages of
guidance issued in relation to NZ IFRS and
there is more than 2,000 pages of guidance in
relation to the NZ IPSAS based standards.
For a user to be able to find their way through
all this material can be difficult. Thomson
Reuters provides the solution with this new
online database.
The regularly updated database contains all
the financial reporting guidance and materials
that have been issued by the XRB. Subscribers
to the Thomson Reuters XRB database can
therefore be confident they are using up-todate material when undertaking financial
reporting research.
For the first time those preparing or auditing
financial statements will be able to link
from the XYZ Model Financial Statements
publications to the relevant accounting
standards, combining interpretation and
application of the standards with the
standards themselves.
Benefits:
Benefits:
Benefits:
• Understand complex reporting
requirements, clearly presented in a
user-friendly manner
• Save time and resources in researching
and analysing the interpretation and
application of New Zealand accounting
standards.
• Have confidence in applying the
New Zealand accounting standards for
common accounting scenarios.
• All financial statement disclosure
requirements consolidated together in
cohesive checklists
• Save time and resources in producing
professionally formatted financial reports
with direct access to all required financial
statement disclosure requirements
• Reduce the risk of non-compliance and
penalties.
•U
pdated database mean users can be
confident that they are always accessing
the latest materials
• L inks from XYZ MFS to relevant standards
• Those preparing or auditing financial
statements will be able to confidently
undertake comprehensive research across
the accounting standards issued by the
XRB.
For more detailed information visit www.thomsonreuters.co.nz/xyz
TAKE ADVANTAGE OF OUR
PACKAGE OPTIONS AND SAVE!
All subscriptions include a quarterly newsletter to keep you informed of the latest developments.
Annual Price
(ex GST)
FINANCIAL
REPORTING
ESSENTIALS
CORE PACKAGE
FINANCIAL
REPORTING
BASIC CORE
PACKAGE
ONLINE
PRINT
XYZ Model Financial Statements General
Purpose Financial Reporting 2014
$595
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√
√
√
XYZ Model Financial Statements Workbook
2014
$395
√
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XYZ MODEL Financial STATEMENTS
Disclosures Checklist 2014
$150
√
√
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XRB Financial Reporting Standards
$250
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PACKAGES
√
Starts from
only $995
per annum
or $82.92 a
month
Starts from
only $720
per annum or
$60 a month
SAVE $395
SAVE $125
WHAT IS CHECKPOINT®
Checkpoint® is our powerful online tax and accounting information service designed and
developed for New Zealand professionals. It provides easy access to legislation, commentary
and compliance requirements allowing you to access the knowledge you need – faster. The
platform blends cutting-edge technology, editorial insight and news updates with intelligent
linking to related content, making your research experience easier, faster and more accurate.
Visit www.thomsonreuters.co.nz/checkpoint to find out more about this service.
WHO IS GRANT THORNTON?
Grant Thornton is one of the world’s leading organisations of independent assurance, tax
and advisory firms. Grant Thornton New Zealand operates from three locations in Auckland,
Wellington and Christchurch, with 31 partners and over 240 professional and management
services staff. The XYZ Model Financial Statements series of product have been prepared and
authored by Mark Hucklesby and his team (Brayden Smith and Rosaline Chan) from Grant
Thornton.
To order or for more information please phone Katrina Robinson on
0800 10 60 60 or email [email protected]
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