Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. By using this site you agree to our use of cookies. They illustrate the impact of the application of IFRSs that are mandatorily effective for … Instead, we have included illustrative disclosures for as many common scenarios as possible. This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE IFRS Plc. Instead, we have included illustrative disclosures for as many common scenarios as possible. statements of ABC Pte. Example HKFRS financial statements that may be required for listed companies. General information 43 2. Concentrating on the practical, the books provide reliable, up-to-date guidance on financial reporting and legal requirements along with hundreds of practical worked examples. VALUE HKFRS Limited and its subsidiaries manufacture goods, provides IT consulting services and hold investment property. Illustrative financial reports and presentation and disclosure checklists are regularly published by public accounting firms and are freely available from the websites shown below. The financial statements comply with IFRS as issued at 31 January 2020 and that apply to annual reporting periods commencing on or after 1 January 2020, including IAS 34, 'Interim Financial Reporting'. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as … The following are illustrative financial statements from the respective public accounting firms, which are prepared based on IFRS, and the related disclosure checklists to be used in the preparation of financial statements in accordance with IFRS. PwC | Illustrative annual report and financial statements Abbreviations FRS 102:34.27 = Financial Reporting Standard 102 (March 2018), ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’, paragraph number impact which companies need to focus on while preparing their financial statements for the year ended 31 March 2020. Example HKFRS financial statements that may be required for listed companies. Ind AS publications In brief and Straight away In depth and Practical guide to IFRS Illustrative IFRS financial statements and disclosure checklist Ind AS pocket guide STATUS Final. PwC financial reporting publications PwC is committed to helping businesses improve the quality of their financial reporting. In view of the resurgence of locally transmitted COVID-19 cases, the Hong Kong Institute of Certified Public Accountants announced, from Wednesday, 2 December 2020 onwards, to close the library facilities, whilst counter service hours remain normal. an illustrative annual report for the year ended 31 December 2020 issued by a fictitious Main Board listed company, HK Listco Ltd (“HK Listco”), which includes: - a directors’ report, - an independent auditor’s report to the shareholders of the company, - annual financial statements prepared in accordance with Hong Kong Financial Reporting For more information and to order hard copies, click on the above links. 1. A guide for companies listed on the Main Board of The Stock Exchange of Hong Kong Limited, which are required to prepare their annual financial reports. The 2020 edition of PwC’s Illustrative Annual Report entitled “Navigating the new normal with trust and confidence” will serve as an excellent resource to assist you in the preparation of your company’s annual report, providing stakeholders with relevant and reliable information to create and sustain trust in … These illustrative financial statements incorporate illustrative disclosures in relation to NZ IFRS 16 Leases and NZ IFRIC 23 Uncertainty over Income Tax Treatments, both of which are effective for annual periods beginning on/after 1 January 2019. ACCOUNTING IMP ACT Significant optional operational PwC's Manuals of accounting provide practical guidance on financial reporting. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as … Download here the publication that presents PwC's illustrative consolidated financial statements for a fictitious listed company, containing illustrative disclosures for as many common scenarios as possible. Model IFRS statements These are illustrative IFRS financial statements of a company prepared in accordance with IFRS. This publication provides an illustrative set of consolidated financial statements, for a fictitious listed company, VALUE HKFRS Limited. This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE IFRS Plc. The Hong Kong Institute of Certified Public Accountants (the Institute) is the only body authorized by law to register and grant practising certificates to certified public accountants in Hong Kong. All rights reserved. EFFECTIVE DATE Annual reporting periods beginning on or after 1 June 2020. Earlier application is permitted, including in IFRS financial statements not yet authorised for issue at 28 May 2020, and HKFRS financial statements at 4 June 2020. This publication presents illustrative interim financial statements for a fictitious listed company, VALUE IFRS Plc, for the six months to 30 June 2020. The Institute accepts no responsibility or liability for any of the material contained in these illustrative reports and checklists, nor any other information on the websites below. These financial statements illustrate the presentation and disclosure requirements of HKFRSs for the year ended 31 December 2013 issued by a Hong Kong listed company. Unformatted text preview: VALUE IFRS Plc Illustrative IFRS consolidated financial statements December 2020 This publication presents the sample annual financial reports of a fictional listed company, VALUE IFRS Plc.It illustrates the financial reporting requirements that would apply to such a company under International Financial Reporting Standards as issued at 31 May 2020. These illustrative financial statements are prepared in accordance with IFRS issued as at 30 June 2020 and effective for annual periods beginning on 1 January 2020. Illustrative Financial Statements 2014. Illustrative Financial Statements 2014. Unformatted text preview: VALUE IFRS Plc Illustrative IFRS consolidated financial statements December 2020 This publication presents the sample annual financial reports of a fictional listed company, VALUE IFRS Plc.It illustrates the financial reporting requirements that would apply to such a company under International Financial Reporting Standards as issued at 31 May 2020. Illustrative Financial Statements 2016. PwC financial reporting publications PwC is committed to helping businesses improve the quality of their financial reporting. These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2019 by an entity that is not a first-time adopter of IFRSs. Illustrative NZ IFRS consolidated financial statements for December 2020 year ends, including Reduced Disclosure Regime concessions. Photo by Pixabay on Pexels.com. The financial statements comply with International Financial Reporting Standards (IFRS) as issued at 30 April 2015 and that apply to financial years commencing on or after 1 January 2015. Ltd. (the Company) for the financial year ended 31 December 2019. impact which companies need to focus on while preparing their financial statements for the year ended 31 March 2020. They illustrate the impact of the application of IFRSs that are mandatorily effective for … EFFECTIVE DATE Annual reporting periods beginning on or after 1 June 2020. Illustrative Financial Statements 2015. Illustrative Financial Statements 2017. The accounts comply with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. Illustrative consolidated financial statements of Good Group (International) Limited and subsidiaries for the year ended 31 December 2020. These illustrative financial statements are prepared in accordance with IFRS issued as at 30 June 2020 and effective for annual periods beginning on 1 January 2020. Hong Kong Financial Reporting Standards - Illustrative Annual Financial Statements 2013. Illustrative HKFRS consolidated financial statements, COVID-19: Responding to the economic and business impacts, The Hong Kong Companies Ordinance (Cap. PwC | Illustrative annual report and financial statements Abbreviations FRS 102:34.27 = Financial Reporting Standard 102 (March 2018), ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’, paragraph number Illustrative consolidated financial statements of Good Group (International) Limited and subsidiaries for the year ended 31 December 2020. & The company has elected to apply the limited exemption in IFRS 9 paragraph 7.2.15 relating to transition for classification and measurement Illustrative Financial Reports and Disclosure Checklists. Summary of significant accounting policies 28 2. Appropriate use of these resources would help entities to meet the latest presentation and disclosure requirements. IFRS for SMEs - Illustrative consolidated financial statements 2017 [electronic only] IFRS overview 2019 [electronic only] Illustrative IFRS consolidated financial statements for 2019 year ends (global) Illustrative interim financial statements for a fictitious listed company, VALUE IFRS Plc, for the six months to 30 June 2020. Accounting, Auditing, Actuarial, PwC, Commentaries, 2020 Commentaries, Illustrative accounts and checklists Accounting, IFRS Illustrative condensed interim financial statements 2020 - Value IFRS Plc | Better Regulation These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. We use cookies to give you the best experience of our website. The accounts comply with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. Concentrating on the practical, the books provide reliable, up-to-date guidance on financial reporting and legal requirements along with hundreds of practical worked examples. Illustrative Financial Statements 2016. Please see www.pwc.com/structure for further details. These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2020. Illustrative financial reports and presentation and disclosure checklists are regularly published by public accounting firms and are freely available from the websites shown below. The publication is prepared in accordance with the requirements as set out in: For preparers incorporated outside of Hong Kong and using International Financial Reporting Standards in their financial statements, all disclosures in these specimen accounts under HKFRS are also applicable. These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2019 by an entity that is not a first-time adopter of IFRSs. Opinion of the directors In the opinion of the directors, (a)CA Sch 12(1)(a) the financial statements of the Company are drawn up so as to give a true and fair view of the financial position of the Company as at 31 December 2019 and the financial Hong Kong Small and Medium-sized Entity Financial Reporting Standard (SME-FRS) [English and Chinese versions] 2. ] 2 experience of our website copies, click on the above links statements 2020 IT... 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