The 2010 XYZ Model Financial Accounts - Authored by Moore Stephens.

The original and still industry standard financial reporting solution for accounting professionals and business entities for over 20 years. Its extensive commentary and affiliated word templates, provide an unmatched assessment of the rules, standards and changes in financial reporting. The 2010 XYZ Model Financial Accounts features 22 templates of all major entity types, including listed public companies, non-reporting entities, not for profit entities and superannuation funds. A number of these entity types are not available anywhere else, thus ensuring XYZ is the most complete set of financial reports available. It is authored by industry professionals not consultants.

Buy a subscription now and you will be kept informed of both the reduced disclosure regime and the Corporations Amendment (Corporate Reporting Reform) Act 2010. As a consequence of these, some significant statutory changes have been made that will affect areas such as financial reporting as at 30 June 2010 and the ability to pay dividends. The Corporations Amendment Regulations 2010 (No. 6) were also enacted on 29 June 2010 which impact the disclosures in consolidated financial reports. The purpose of the reforms was to reduce red-tape, improve accountability and transparency of disclosures and refine the reporting framework.

Simplifies the process of preparing financial reports; Provides a complete financial reporting reference with practical solutions; The Generator transforms data into real results (automating accounts preparation with ease); XYZ MFA is universally recognised and trusted (in its 24th year)

Whilst the accounts preparation work can be outsourced, management are still responsible for the accounts. Understanding the changes/issues is more important than who actually prepares the accounts. It can also alleviate the cost of outsourcing to accountants/consultants.

Enhancements in 2010 reflect contemporary reporting practices evolving in the market, ensuring both the preparer and user of the financial statements have complete confidence in the information. XYZ Model Financial Accounts will assist in both managing compliance and achieving financial reporting best practice.

Some of the new enhancements to the latest XYZ edition:

• New directors report included in listed public model;
• Procedures for reporting to members updated to reflect changes in Corporations Act;
• Updated disclosure checklists;
• All accounting policy notes for non-reporting entity models updated to reflect the issue of new professional standard : APES 205 Conformity with Accounting standards requirements;
• Enhanced financial instruments accounting policies and notes to reflect contemporary AASB 7 disclosure developments;
• More detailed key estimates and judgements on accounting policies (an area that ASIC is looking for improvement in);
• All compilation reports revised as per new professional standard: APES 315 Compilation of financial information;
• Updated interim financial report model to reflect new AASB’s policies applicable from 1 January 2009;
• Updated guidance on reporting for incorporated associations; and
• Revision of Chapter 20 (not-for-profit entities) including a table highlighting accounting differences between not-for-profit and for-profit entities.

More reasons to order 2010 XYZ Model Financial Accounts:

• Word templates;
• Case studies and worked examples;
• Provides step-by-step practical assistance on meeting a wide range of reporting obligations;
• Ensures that your reports reflect the current standards;
• Gain access to all key information from a single detailed reference, saving time on research;
• Enjoy the confidence of knowing you are working with accurate, up-to-date information;
• Offers tailored, specialist assistance to help you solve your financial accounts preparation queries quickly;
• Access key templates, news and articles on Australian financial reporting requirements;
• Access to the Financial Reporter, the newsletter prepared by Moore Stephens; and
• Work through an easy to follow framework for reporting under AIFRS, so you cover all areas of responsibility.