XYZ Model Financial Accounts - December Reporting & Update 2018

ISBN: 9780864698698
Publisher: Thomson Reuters
AvailableFrom: 28/11/2018

Book

XYZ Model Financial Accounts - December Reporting & Update 2018

Item will be shipped after 28/11/2018

$889.00

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CD-ROM

XYZ Model Financial Accounts - December Reporting & Update 2018 - CD

Item will be shipped after 28/11/2018

$889.00

Price includes GST

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Be prepared for the adoption of the new Accounting Standards on revenue recognition, leases and financial instruments – impacting not only financial reporting, but requiring review of contract terms, financing arrangements and business systems.

For further information about the full XYZ MFA suite, visit http://tax.thomsonreuters.com.au/checkpoint/xyz

Overview

The December 2018 edition of the industry leading XYZ Model Financial Accounts has been designed to assist preparers through the December 2018 reporting period, as well as prepare them for 2019 and beyond.

Features

The interpretive commentary, guidance and model financial reports have been updated for relevant legislative and accounting pronouncements to 1 August 2018, relevant to entities with a 31 December 2018 reporting year end. This edition provides a range of information, including:

  • updated Australian Accounting Standard and Corporations Act 2001 disclosure checklists applicable for financial years ending 31 December 2018;
  • disclosure checklists covering disclosure requirements of AASB 15: Revenue from Contracts with Customers, AASB 16: Leases and AASB 9: Financial Instruments;
  • example disclosure illustrating the requirements of AASB 15: Revenue from Contracts with Customers, which becomes mandatory for for-profit entities at 31 December 2018; and
  • example disclosure illustrating the requirements of AASB 9: Financial Instruments, which becomes mandatory at 31 December 2018.

Benefits

The December 2018 update of XYZ Model Financial Accounts also:

  • provides step-by-step practical assistance to help you stay on top of your financial reporting obligations;
  • helps you prepare for the adoption of mandatorily applicable Accounting Standards;
  • saves you time on researching and keeping up to date with information that regularly changes;
  • saves time and resources in producing professionally formatted and compliant financial reports; and
  • reduces the risk of non-compliance and penalties.

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