Model financial statements

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Model financial statements

Illustrative best practice guides to financial reporting

Our Australian financial reporting guide and illustrative model financial statements assist to develop financial statements that are transparent, clearly communicate financial performance and position, and to understand and comply with financial reporting requirements.

Australian financial reporting guide (10th Edition)

Understanding and responding to Australian financial reporting obligations

June 2021 Tier 1 model financial statements

Illustrative disclosures for entities preparing ‘Tier 1’ general purpose financial statements in full compliance with Australian Accounting Standards for financial reporting periods ending on or after 30 June 2021

December 2020 Tier 1 model financial statements

Financial reporting periods ending on or after 31 December 2020

Tier 1 financial reporting checklist

A guide to required accounting, presentation and disclosure under International Financial Reporting Standards (IFRS® Standards) and Australian-specific requirements for Tier 1 entities

Tier 2 Simplified Disclosures model financial statements

Financial reporting periods ending on or after 31 December 2020

Tier 2 Simplified Disclosures checklist

A guide to required presentation and disclosure under Australian Accounting Standards – Simplified Disclosures

Model half-year financial statements

Half-years ending on or after 31 December 2020

Model special purpose financial statements (15th Edition)

Illustrative examples of special purpose financial statements prepared under the Corporations Act 2001

Financial statements: June 2020

Australian financial reporting guide
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 30 June 2020. This edition includes illustrative transitional disclosures required on adoption of AASB 16 Leases and includes extensive guidance on the impacts of COVID-19 on financial reporting.

Addendum to June 2020 Australian financial reporting guide – Not-for-profit illustrative disclosures
This publication provides not-for-profit specific illustrative disclosures on the adoption of the new standards for financial reporting periods ending on or after 30 June 2020. It is an addition to Note 2 in Section 10: Illustrative disclosures of the June 2020 Deloitte Australian financial reporting guide to include NFP specific considerations. It covers the adoption of AASB 15 and AASB 1058 for the various illustrative revenue streams and the illustrative disclosures for a concessionary lease measured under the cost option allowed under AASB 16.

December 2019 model financial statements (for June 2020)

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. This version includes both Tier 1 and Tier 2 (Reduced Disclosure Requirements) reporting, with disclosures which can be omitted from Tier 2 reports being shaded.

Archive

Australian financial reporting guide
Financial statements: June and December 2019
Financial statements: AASB proposals for a new ‘Tier 2’

These model financial statements illustrate how general purpose financial statements might be prepared under the Australian Accounting Standards Board (AASB) proposals in ED 295 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (ED 295). There are two versions available:

Financial statements: June and December 2018
Financial statements: June and December 2017
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