Model Annual Reports
Each year KPMG New Zealand's Model Annual Report publication tackles a current, key theme in financial reporting.
The content of these publications reflects accounting practice at the time of writing, but accounting practice is continually evolving. It is therefore necessary for preparers of financial statements to keep abreast of accounting developments and their impact on financial statements.
These publications should be used in conjunction with the underlying legislation and financial reporting standards, particularly where a specific disclosure area is not covered or where there is uncertainty regarding interpretation.
- ClearCut Limited 2009: Illustrative financial statements - differential reporting under NZ IFRS - An updated annual report example to assist you in preparing your financial statements in accordance with the Framework for Differential Reporting for entities applying NZ IFRS. It reflects NZ IFRS in issue at 30 September 2009 that are required to be applied by an entity with an annual period beginning on 1 January 2009.
- NZ IFRS 8 - Operating segments: Supplement to Diverse - Application guidance and illustrative disclosures to assist you in understanding and complying with the requirements of NZ IFRS 8 Operating Segments. The illustrative disclosures should be read in conjunction with the illustrative financial statements - Diverse Group Limited 2006.
- 2007 Model Financial Statements, Differential reporting under NZ IFRS, ClearCut Limited - illustrates the presentations and disclosures required under the Framework for Differential Reporting Entities Applying New Zealand Equivalents to International Financial Reporting Standards that will be made on an ongoing basis once NZ IFRS has been adopted.
- NZIFRS 7 for finance companies illustrates the disclosures required by NZIFRS 7 and specifically illustrates the disclosures required by Appendix E of the standard which apply to New Zealand financial institutions.
- 2006 Illustrative Financial Statements - Diverse Group Limited reflects the presentations and disclosures that will be made on an ongoing basis under NZ IFRS.
- 2005 Model Annual Report, Differential Reporting under NZ IFRS - ClearCut Limited illustrates financial statements prepared and presented under the Framework for Differential Reporting for Entities Applying New Zealand Equivalents to International Financial Reporting Standards.
- Diverse 2004 NZ GAAP has been brought to you to illustrate the New Zealand financial reporting requirements for a full reporting entity.
- ClearCut 2003 NZ GAAP is used to illustrate an annual report prepared and presented under the Framework for differential reporting.
- FRS-41 Disclosures illustrates the requirements of FRS-41 Disclosing the Impact of adopting New Zealand Equivalents to International Financial Reporting Standards.
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