XYZ Model Financial Statements: Financial Reporting in Canada provides hands on guidance and tools that streamline the process of ensuring financial statements are prepared compliance with IFRS and with Canadian GAAP for Private Enterprises. The Canadian version is based on the practice-proven XYZ Model Financial Accounts model, first produced over 20 years ago in Australia by the accounting group Moore Stephens, and long recognized as the leading source of expert compliance guidance for completing financial statements of public companies in that country.
XYX Model Financial Statements: Financial Reporting in Canada is the first of a series of XYZ products, produced as part of global joint venture between Thomson Tax and Accounting and Moore Stephens, which will focus on preparing financial statements under IFRS and country-specific GAAP.
XYZ Model Financial Statements: Financial Reporting in Canada is geared for both smaller entities and reporting issuers, and is written by practitioners who have been through the IFRS transition and have knowledge and hands on experience of the practical requirements of making that transition. In addition to expert guidance, the key feature of XYZ Model Financial Statements: Financial Reporting in Canada is it extensive use of practical examples and checklists.
XYX Model Financial Statements: Financial Reporting in Canada features over 150 checklists covering all key aspects of financial reporting under IFRS and Canadian GAAP for PEs.
The full version of XYX Model Financial Statements: Financial Reporting in Canada will be available with the June 2011 Checkpoint release. It will contain extensive additional analysis and sample financial statements prepared under IFRS and Canadian GAAP for PEs. However, a special checklists-only version is available immediately at a discounted introductory price, for practitioners who want to take advantage of the over 150 checklists when preparing their 2010 statements. The checklists have full references to the IFRS standards and Canadian GAAP for PEs and customers who also purchase IASB standards on Checkpoint will have live links embedded in the Checklists to relevant IASB standards.
Customers who buy before June at the introductory price will receive all the additional material in June at no extra charge.