Technical publications

XYZ Model Financial Statements

Mark Hucklesby Mark Hucklesby

XYZ has been New Zealand’s premier financial reporting publication for over 25 years and Grant Thornton New Zealand has again edited and updated the publications for 2016.

This Thomson Reuter’s publication has become the industry standard for the preparation of compliant financial statements for accounting professionals who prepare and audit financial statements.

In 2016  the existing For-Profit favourites, XYZ Model Financial Statements General Purpose Financial ReportingXYZ Model Financial Disclosures Checklists and the XYZ Model Financial Statements Workbook , have been reworked and expanded to help businesses understand how to apply the significant changes occurring in financial reporting.

The Not-For-Profit sector is equally well supported. 2016 will again see the publication of XYZ Not for Profit Model Financial Statements and a XYZ Model Financial Statements Not-For-Profit Workbook that offers practical real world examples to illustrate the application of New Zealand accounting standards.

To round out the suite of books, there is a 2016 XYZ Special Purpose Financial Reporting Model Financial Statements publication dedicated to comprehensively illustrating how to comply Special Purpose Financial Reporting requirements in New Zealand.

Recognising that standards by the External Reporting Board (XRB) 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 Reporting 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.