APS NZ Xcede Sheets and Templates - April 2020 Release Notes - Reckon
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Release Notes
APS NZ Xcede Sheets and
Templates
April 2020
Author
Created and Published by Reckon Limited
Level 2, 100 Pacific Highway
North Sydney NSW 2060
Australia
ACN 003 348 730
All Rights Reserved
Copyright © 2020 Reckon Limited
Copyright & Trademarks
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Every effort has been made to ensure the accuracy and completeness of this manual. However, neither
Reckon Limited, its subsidiaries, employees and agents, are liable for any errors or omissions. This
document should not be relied on as a detailed specification of the system. In addition, Reckon Limited
reserves the right to issue revisions, enhancements and improvements to Reckon APS software or any
other Reckon software at any time without notice. Every effort will be made to ensure that the manual
is updated concurrently and that the user is not inconvenienced as a result of any change.
Reckon, Reckon logos, R logos, Reckon APS, Advance and Accountable Technology are trademarks of
Reckon Limited.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 2 of 52
Contents
Before You Begin .............................................................................................................. 5
Reference Numbers ............................................................................................................................ 5
Knowledge Article ............................................................................................................................... 5
Introduction .................................................................................................................... 5
Online Help ...................................................................................................................................................... 5
Pre-requisites .................................................................................................................................................. 6
Main Features of this release ........................................................................................................................... 6
Retiring Software versions .............................................................................................................................. 7
Financial Reporting Field Codes ..................................................................................................................... 7
Section 1: Xcede Sheets .................................................................................................... 8
Amended Sheets .............................................................................................................................................. 8
Deleted Sheets ............................................................................................................................................... 15
New Sheets .................................................................................................................................................... 15
Section 2: Templates ...................................................................................................... 16
Renamed Templates ......................................................................................................................... 16
Jobstreams ....................................................................................................................................... 17
Amended Jobstreams ................................................................................................................................... 17
Financial Reporting Fields ................................................................................................................ 18
New Fields for New Reports / Notes .............................................................................................................. 18
New Fields in Existing Reports ...................................................................................................................... 19
New Fields in Existing Policy sheet ............................................................................................................... 20
New Fields in Existing Notes.......................................................................................................................... 21
Group Description Change ............................................................................................................................ 22
Version Change .............................................................................................................................................. 22
Label Changes ............................................................................................................................................... 22
Deleted Fields ................................................................................................................................................ 24
Deleted Fields – IR10 Templates ................................................................................................................... 24
APPENDICES .................................................................................................................. 25
Appendix 1. New or Amended Accounting Standards ........................................................ 25
Sample Output .............................................................................................................................................. 26
Appendix 2: Leased Assets .............................................................................................. 27
Adding Right-of-Use Assets to the Integrated Asset Ledger ............................................................ 27
New Specific Policy: Leased Assets .................................................................................................. 29
Sample Output .............................................................................................................................................. 30
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 3 of 52Significant Judgements, Estimates and Assumptions Policy (2n-Policy) ....................................... 31
Property, Plant and Equipment Note (2n-FixedAssets): Leased (Right-of-Use) Assets .................. 31
Change in Accounting Policy ......................................................................................................................... 31
Right-of-Use-Assets Extension ...................................................................................................................... 32
Leases Note (2n-Leases) ................................................................................................................... 33
Sample Output .............................................................................................................................................. 36
Leases and Hire Purchase Note: 2n-hirePurchase ........................................................................... 39
2n-NZIFRSFinanceIncandExp ........................................................................................................... 39
2BalanceSheet, 2BalanceSheet_WC ................................................................................................ 39
Impact of Change in Policy Note: 2n-ImpactChangePol ................................................................. 40
Sample Output .............................................................................................................................................. 41
Leased Assets Depreciation Schedule (2DepnNZLeased-P, 2DepnNZLeased) ............................... 42
Appendix 3. Placeholder Notes (Notes - Placeholder1 & Notes - Placeholder2) .................... 43
Appendix 4. Value Add SnapShot Dashboard (VA_SnapShot) ............................................. 44
Report Options .............................................................................................................................................. 44
Calculations ................................................................................................................................................... 44
Financial Instruments Policy - NFPs ................................................................................................. 49
Policy Contents – Specific (NZ IFRS 9 policy) .............................................................................................. 49
Policy Contents – Specific prior to NZ IFRS 9 ................................................................................................ 50
Financial Assets and Liabilities Note ................................................................................................ 50
Revenue and Contracts with Customers .......................................................................................... 50
Revenue Recognition Policy .......................................................................................................................... 50
Receivables note (2n-Receivables) ............................................................................................................... 51
Revenue from Contract with Customers Note (2n-NZIFRSRevCWC) ............................................................ 51
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 4 of 52Before You Begin
This document contains information on the enhancements and corrections to the NZ Xcede Sheets and
Templates.
Reference Numbers
Items in this document contains either/or an Internal reference and a Support reference number. From
time to time a Reckon staff member may advise a numeric reference to an outstanding issue or
enhancement request. Once that change has been released, the release notes document will include
the reference and an explanation of the change.
Knowledge Article
For details of known issues refer to the MyAPS website. Other general knowledge base articles:
Knowledge Base Title/Description
Reference
KA-01596 Which APS folders should be exempted from the anti-virus scanner?
KA-03698 New known issue identified with this release.
Introduction
This release offers some enhancements, standardisations and corrections. The main development
focus for the NZ Xcede Sheets 2020 Release was the compliance changes.
There are Appendices to these Release Notes that explain the coding and functionality in more detail
where necessary.
The following convention is used throughout the document:
• Enhancement
✓ Correction
Online Help
The APS Xcede Sheets Configuration Guide is available with this release. This online help document can
be included as a Windows Help file and made available to all users through the Advance Central Console,
Help menu.
Please read the accompanying Upgrade and Installation document for instructions on installing the
Configuration Guide.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 5 of 52Pre-requisites
• XPA version 11
• Xcede Reporting Engine 10.9.1
IMPORTANT!
• Please install Xcede version 10.9.1. The following sheets rely on new Xcede
formulas: 2n-Leases and 2n-FixedAssets
• Please read the Release notes for Xcede Professional Accounting 11 for
instructions on setting up Leased Assets.
Main Features of this release
This NZ Xcede Sheets release package includes:
• Sheets released in April 2019 with subsequent:
o Amendments for enhancement and corrections
o New sheets.
• Master template and entity templates:
o New and amended financial reporting fields
o Renamed templates
This document has been divided into the following sections:
• Section 1: New and amended Xcede master sheets
• Section 2: Template changes
• Appendices: Explain the layout and reporting options for new and amended sheets
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 6 of 52Retiring Software versions
The following versions of XPA and Xcede Reporting Engine are retired as at 31 March 2020.
• XPA 10.2 or prior
• Xcede Reporting Engine 10.7
Financial Reporting Field Codes
In this document, new and existing Financial Reporting Fields (FRFs) will be referred to using the field
code label e.g. .
To view the field code, code, open the FRF window in XPA and click the Show Maintenance Columns
icon.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 7 of 52Section 1: Xcede Sheets
Amended Sheets
Amended Sheet Xcede / KB Summary of Change
Ref #
Index
2Index_JobOrder XCED-2606 • The formula to reset the pigeon hole
“FootComp” to “0” has been removed. It is no
longer a requirement to run the index sheet to
clear the pigeon hole for the compilation
report.
• Refer to the Amended Sheet: 2Compilation, for
further explanation.
XCED-3656 • Added new sheets:
2DepnNZLeased and 2DepnNZLeased-P
Notes – Placeholder1, Notes – Placeholder2
Compilation
2Compilation XCED-2606 • The Store function for “FootComp” has been
updated to include True in the Memory
parameter. This will reset the value in the
“FootComp” pigeon hole to “0” once the job is
completed.
Directory
2Directory CAS-12920 ✓ In the 2019 there was a correction made to improve
KA-02277 the consistency in row heights on the Directory
XCED-3132 (XCED-2064 / KB 19126). This resulted in
Shareholders/Directors names not being printed in
full when the names were really long.
A new style (Directory Heading, font size 10) has
been created and applied to all the heading cells
such as: Directors, Shareholders and so on.
Note: To revert to the original font size for these
heading cells; the style “Directory Heading” can be
modified accordingly. BUT keep in mind that if the
font size is increased, they could revert back to the
original issue of inconsistent row heights.
2Directory CAS-21160 ✓ Limited Partnership The incorrect spelling of
'Partership' has been corrected.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 8 of 52Amended Sheet Xcede / KB Summary of Change
Ref #
KA-03301
XCED-3433
Income Statements
2IncomeStatement KA-01908 ✓ Pagination issue where a blank page was printing at
CAS-9753 the end of the Income Statement has been
XCED-3230 resolved.
2Division_IncomeStatement KA-01897 ✓ The total text was incorrectly reporting “Loss
CAS-09246 (Profit)” when there was a loss in the current year.
XCED-2924 This has been corrected to “(Loss) Profit”.
2Division_Cashflow13P KA-01397 ✓ Reports amended to be consistent with
CAS-01571 2IncomeStatement and 2Consol_IncomeStatement
2Division_IncomeStatement
XCED-2542
If there is no revenue, the expense heading will
2Division_IncomeStatement13P
print without the "Less".
2Division_IncomeStmt_Mgmt
2Division_IncomeStmt_Mgmt_L
Statement of Changes in Equity
2EqvtMvmt KA-01896 ✓ 2EqvtMvmt amended for a Sole Trader so that
CAS-09227 where the Contribution and Distributions are set to
XCED-2923 show detail; a line is displayed for each account.
Balance Sheets
BalanceSheet XCED-2921 ✓ Pagination issue where a blank page was printing at
the end of the Balance Sheet has been resolved.
2BalanceSheet_WC
BalanceSheet XCED-3309 • Added the ability to print Other Non-Current
XCED-3310 Assets (accounts 876:879) and Other Non-
2BalanceSheet_WC
Current Liabilities (accounts 985:989) in detail
or as a cumulative amount.
FRFs that control the display:
Other Non-Current Assets
Other Non-Current Liabilities .
BalanceSheet CAS-17592 ✓ Part of the word "Date _________________" was
being cut off in the directors signing section of the
2BalanceSheet_WC XCED-3299
Balance Sheet when the ledger was setup for first
year of trading. This has been resolved by
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 9 of 52Amended Sheet Xcede / KB Summary of Change
Ref #
shortening the “________________" by 1 space.
BalanceSheet XCED-3473 • Note call added for the new Leases note.
2BalanceSheet_WC When Leases note called, 2n-OperatingLease is
not printed.
Refer to Leases Note (2n-Leases): Leased (Right-of-
Use) Assets
• When no Hire Purchase values are defined and
the Leases note prints, titles for ‘Lease & Hire
Purchase Liabilities’ is edited to ‘Lease
Liabilities’
Source and Application of Funds
2FundsDispo XCED-3302 • Three user defined items have been added to
each of the Other Source of Funds and Other
Application of Funds sections to additional
values.
Notes to the Accounts
2n-FinAssetFinLiab CAS-27829 ✓ The Debit and Credit expected sign has been added
to the sheet to prevent balances from displaying
KA-03755
incorrectly where the Chart Of Account expected
XCED-3679 sign is inconsistent with sheet coding.
2n-FixedAssets XCED-3471 • NZIFRS layout extended for disclosure of Right-of-
Use Assets.
Refer to Appendix 2: Leased Assets
XCED-3688 ✓ Non-Integrated NZIFRS disclosure – FRFs to define
movement in the asset weren’t displaying.
2n-HirePurchase XCED-3473 • Note heading amended to:
Leased Liabilities –
• Leases Note (2n_Leases) prints and
• the lease liability in that note is NOT
customised. , .
i.e. Balance Sheet liability does not include a
Hire Purchase liability.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 10 of 52Amended Sheet Xcede / KB Summary of Change
Ref #
Lease & Hire Purchase Liabilities – for all other
scenarios.
• Default paragraph has been added to the end
of the note to reference the Leases note. This
paragraph can be customised or stop printed.
2n-ImpactChangePol XCED-3474 • The Impact of Change policy note has been
enhanced for reconciliation of Balance Sheet
items. This user defined note allows a
maximum of 10 rows for reconciliation items.
(NZ IFRS 16 leases requirement).
2n-Imputation_Credits XCED-3308 • The Imputation Credit note can be forced to
print . This can be used where
the ledger isn’t a company or a company
ledger has a nil balance in the 984 account.
Where a company showed a summarised note, the
format has changed from a table note to text
paragraph, e.g. “The imputation credits account
has available for use $xxx/nil balance as at 31 March
2020 (2019: $xxx/Nil).”
• A financial reporting field can change
reference to “Imputation” so that the account
can be used for other credit accounts, e.g.
Maori Authority Credits.
2n-Intangibles CAS-12661 ✓ The style for user defined field has been
KA-02290 corrected.
XCED-3144
XCED-3466 ✓ The #value issue has been corrected.
2n-NCA_Investments XCED-2180 ✓ The test for sub accounts on the quantity field was
only returning true if the quantities wereAmended Sheet Xcede / KB Summary of Change
Ref #
• This could be set up on the Master Template to
be set on all ledgers, e.g. If a rental income
policy is required when a value exists in code
121; enter the code and user defined policy
into the FRFs on the master template and .
Where a ledger has a value in the code, the rental
revenue recognition policy will print. To stop the
policy from printing, remove either the code or the
user defined text.
Note: The FRFs used to define the code can contain
a range of accounts, e.g. 121,123:124.
2n-Policy XCED-2166 • Transitional statement has been removed
from Goodwill straight line policy for NZICA
ledgers.
2n-Policy XCED-3470 • A new Leased Assets policy has been designed
(NZ IFRS 16).
Refer to Appendix 2: Leased Assets
2n-Policy XCED-2693 • New and amended standards - removed FRFs
for 31 March 2019 and replaced with new FRFs
for 31 March 2020.
Refer to Appendix 1. New or Amended Accounting
Standards
2n-Policy XCED-3475 • New FRFs for Leases are added to Significant
Judgements (SJ) and SJ: Estimation
Uncertainty (EU).
2n-Related_Party CAS-13052 ✓ Where there are no significant transactions, the
KA-02693 note no longer refers to last year if the ledger is set
XCED-3272 up as a first year of trading .
2n-Shareholders_Advance XCED-3307 • Where there is an opening balance and no
movements the note was only printing the
Shareholder’s name and the opening balance.
The note has been enhanced to print the
closing balance for this scenario.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 12 of 52Amended Sheet Xcede / KB Summary of Change
Ref #
2n-Unsecured_TL CAS-11047 ✓ #value printed at the end of the Unsecured Term
KA-01996 Loans note where account 982 had sub accounts
2n-Secured_TL
XCED-2964 ranging from /011 - /999.
There are 10 user defined FRFs to add any
information pertaining to the first 10 unsecured
loans (982/001 – 982/010).
• The same fix has been applied to the Secured
Term Loan note.
2n-AfterBal CAS-11347 • Referencing of the comparative year's “Nil”
KA-02193 value is now consistent.
2n-Capital_Commitments
XCED-3064
2n-Contingent_Liab XCED-3323
2n-Related_Party
2n-HirePurchase XCED-3473 • Names added to the cell that returns the note
2n-NZIFRSFinanceIncandExp number enabling these notes to be referenced
in the new Leases note (2n-Leases).
2n-FinAssetFinLiab XCED-2280 • FRF label changes, refer to Label Changes
2n-NZIFRSRevCWC
Transitional default text can only be applied by
2n-Policy: Revenue Recognition NFPS - default text has not been updated for
policy NFPs. Where an NFP early adopts, enter
2n-Policy: Financial Instruments customised text into the Transition FRFs.
Refer to Appendix 5
2n-Receivables
Minutes and Subvention Payments
2Co_DirectorResolution XCED-3076 • Where the company does not have a
2Co_DirectorsDivRec constitution, signing of the minutes is in
accordance with the Companies Act.
2Co_Subvention
The first paragraph of the reports has been
amended to refer to “clause 7 of the third
schedule of the Companies Act 1993” instead of
“the constitution of the Company” when the FRF
is set to No.
2Co_Subvention XCED-3355 ✓ The sheet was incorrectly referring to FRF
to determine if the first paragraph is
customised. Amended to refer to .
Value Add Reports
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 13 of 52Amended Sheet Xcede / KB Summary of Change
Ref #
VA_BalanceSheet5Year CAS-10978 ✓ Out of balance error caused by incorrect
KA01991 subtotalling on a partnership ledger has been
XCED-2962 corrected.
VA_Snapshot XCED-3423 • The Snapshot Dashboard has been enhanced
to be more aligned with the income statement
and allow a bit more flexibility in some of the
calculations.
Refer to Appendix 4. Value Add SnapShot
Dashboard (VA_SnapShot)
2Style
2Style CAS-12920 • New style; “Directory Heading”.
KA-02277
XCED-3132
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 14 of 52Deleted Sheets
Sheet Name Sheet Title Comments
2Index Index This has been replaced with 2Index_JobOrder in the
jobstreams
2Style.xlsm Macro enabled style sheet This was required by Xcede 9 (which is now retired). Xcede
10 provides the macro option in the Xcede ribbon.
All .xlsx sheets Xcede 9 is no longer supported.
New Sheets
Sheet Name Sheet Title Comments
2n-Leases Leases Refer to Appendix 2: Leases Note (2n-Leases): Leased
(Right-of-Use) Assets.
Notes - Placeholder1 Placeholder notes Refer to Appendix 3. Placeholder Notes (Notes -
Placeholder1 - Notes – Placeholder2)
Notes – Placeholder2
2DepnNZLeased Leased Assets Depreciation Landscape depreciation schedule displaying only leased
Schedule assets.
2DepnNZLeased-P Leased Assets Depreciation Portrait depreciation schedule displaying only leased
Schedule assets.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 15 of 52Section 2: Templates
Renamed Templates
The APS XPA standard templates have been renamed. For more information refer to the Upgrade
Installation Guide.
Where the practice has used the Reckon APS Templates as their practice templates; i.e. had not
renamed them, contact support.
Old Template Name New Template Name Template Description
RECKON APS XPA COMPANY APS NZ COMPANY APS XPA Company Template
RECKON APS XPA DIVISIONAL APS NZ DIVISIONAL APS XPA Divisionalised P&L
Chart
RECKON APS XPA LIVESTOCK DIVISION APS NZ LIVESTOCK DIVISION
APS XPA Divisional Livestock
RECKON APS XPA NZIFRS CODING APS NZ NZIFRS CODING
Template
RECKON APS XPA PARTNERSHIP APS NZ PARTNERSHIP
APS XPA NZIFRS Chart
RECKON APS XPA RENTAL PROPERTY APS NZ RENTAL PROPERTY
APS XPA Partnership Template
RECKON APS XPA SOLE TRADER APS NZ SOLE TRADER
APS XPA Rental Properties Chart
RECKON APS XPA TAG SET TEMPLATE APS NZ TAG SET TEMPLATE
APS XPA Sole Trader Template
RECKON APS XPA TRUST APS NZ TRUST
APS XPA Tag Set Template
RECKON APS XPA MASTER APS NZ MASTER 2020
APS XPA Trust Template
APS XPA Master Chart 2020
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 16 of 52Jobstreams
Amended Jobstreams
IMPORTANT!
Where the practice maintains its own Master Template and refresh financial reporting fields from the
released template, jobstreams will not automatically be amended. These will need to be updated
manually.
Amended Jobstream Xcede / KB Ref # Summary of Change
02_FinalC XCED-2786 2Index been replaced with 2Index_JobOrder.
03_FinalP 2Index_JobOrder has been repositioned to after the
Flysheet and has been defined as the Index Sheet in the
04_FinalT
jobstream details.
05_FinalS
When 2Index_JobOrder is added to a custom
06_FarmC jobstream, define it as an Index sheet.
07_FarmP
08_FarmT
09_FarmS
10_DivFarm
11_Div Inc
21_IFRS_FC
30_MGMT
31_MGMTDIV
40_NFP3
41_NFP4
All jobstreams XCED-3344 2Style has been removed from the jobstreams.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 17 of 52Financial Reporting Fields
New Fields for New Reports / Notes
Where a report has a new group of FRFs, all the fields won’t be listed. Please refer to the template to
review the group of consecutive new fields.
Group Description Label Description Code
Notes to the Financial Statements
Leases (Right-of-Use Asset) Note Leases - customise note heading N-LeaH
… Leases - user defined paragraph … N-LeaUD5
Right-of-Use Assets - customise section heading or stop print N-LeaRUH
… Right-of-Use Assets - user defined paragraph … N-LeaRUUD
Lease Liabilities - customise section heading or stop print N-LeaLLH
… Lease Liabilities: Future Cash Outflow - user defined … N-LeaFLCUD
paragraph
N-LeaLPH
Non Liab Lease Payment - customise section heading or stop
… N-LeaLPUD5
print
… Non Liab Lease Payments - user defined paragraph
N-LeaAIH
… N-LeaAIUD2
Additional P&L or Cashflow Info - customise section heading
or stop print
… Additional P&L or Cashflow Info - user defined paragraph
N-LeaSLH
… N-LeaSLUD
Sale and Leaseback - customise section heading or stop print
… Sale and Leaseback - user defined paragraph
Placeholder Notes Placeholder note 1 - number of pages N-PSPages1
Placeholder note 2 - number of pages N-PSPages2
Depreciation Schedule
Depreciation Schedule User defined report heading for Leased Asset Depr Schedule - H-LGLDepn
integrated calc
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 18 of 52New Fields in Existing Reports
Group Description Label Description Code
General
Company Does the company have a constitution? GenConst
Balance Sheet
Non-Current Assets Show Other Non-Current Assets in detail? OthNCADet
Non-Current Liabilities Show Other Non-Current Liabilities in detail? OthNCLDet
Statement of Source and Application of Funds
Other Source of Funds User defined Source of Funds Item - Title 3 FundDet7
… User defined Source of Funds Item - Amount 5 … FundNum9
Other Application of Funds User defined Application of Funds Item - Title 3 FundDet10
… User defined Application of Funds Item - Amount 5 …
FundNum12
Value Adds
VA_Snapshot Print Trade Revenue and Trade Expenses tiles? VA_SSTrRE
Show Revenue (Gross Profit) to exclude Other Income and VA_SSGPOI
Other Revenue?
Gross Profit tile title – customise VA_SSGPTit
Gross Profit tile title – customise VA_SSOPTit
Show Operating Profit excluding Depreciation? VA_SSOPDep
Show Operating Profit excluding Interest? VA_SSTOPIn
Show Operating Profit excluding Owners' Remuneration? VA_SSOPOR
Show Operating Profit excluding Taxation? VA_SSOPTax
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 19 of 52New Fields in Existing Policy sheet
Financial reporting field section: Notes to the Financial Statements
Sheet: 2n-Policy
Label Description Code
NZ IFRS Changes in Accounting Policies
Annual Improvements 2015 - 2017 - title or stop print PC-ER201T
… AI 2015: subsection 3 - paragraph … PC-ER201P3
NZ IFRS 16 Leases - title or stop print PC-ER202T
… Leased Assets: subsection - paragraph … PC-ER202S1
NZ IAS 28 amendments - title or stop print PC-ER203T
… NZ IFRIC 23 - paragraph 2 … PC-ER204P2
Material Definition - title or stop print PC-ER205T
… Material - paragraph 2 … PC-ER205P2
2018 Omnibus Tier 3 and Tier 4 PBE Accounting Requirements - title or stop print PC-ER206T
… PBE 2018 Omnibus: subsection 3 - paragraph … PC-ER206P3
2017 Omnibus Amendments to NZ IFRS - title or stop print PC-ER207T
… NZIFRS 2017 Omnibus: paragraph 2 … PC-ER207P2
2018 Omnibus Amendments to PBE Stds - title or stop print PC-ER208T
… PBE 2018 Omnibus: paragraph 3 … PC-ER208P3
NOTE: These FRFs print for all entity types. These may want to be set to stop print at a Practice Level
for For-Profit entities.
Policy Contents – Specific
Lease: print alternate note (enter NZIFRS or SP) PC-LsAlt
Lease NZIFRS – customise title or stop print PC-Ls16
… Lease NZIFRS: additional policy content … PC-Ls16UD2
Revenue Recognition / OS: User defined policy 3 - account code(s) PC-RevCod3
… Revenue Recognition / OS: User defined policy 3 for specific account code(s) … PC-RevUs3
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 20 of 52Label Description Code
SJ: Leases - user defined – title PC-CriJuT8
… SJ: Leases - user defined – content … PCCriJuP8i
SJ: EU: Leases - user defined – title PC-EstUcT4
… SJ: EU: Leases - user defined – content … PCEstUcP4i
New Fields in Existing Notes
Financial reporting field section: Notes to the Financial Statements
Group Description Label Description Code
2n-FixedAssets
Property, Plant and Equipment Right-of-use assets - section heading or stop print N-FAFPRU
Note (FP1, FP2, NFP1, NFP2)
… Right-of-use assets - user defined amount 2 … N-FAFPRUA2
2n-HirePurchase
Finance Lease and Hire Lease Note paragraph - customise or stop print N-LeaseP
Purchase Note
Lease Note - user defined field for further information N-Lease
2n-Imputation_Credits
Imputation Credits Note Force ICA note to print? N-ImpPrint
Reference to "Imputation" – customise N-ImpRef
Summarised ICA note sentence - customise N-ImpSumP
2n-ImpactChangePol
Impact of Change in Policy Acc Std 1: Intro paragraph - customise or stop print N-AS1CBSP1
Note
Acc Std 1 BS: Intro paragraph - customise or stop print N-AS1CBSP2
Acc Std 1 BS: Provide reconciliation for balance sheet items N-AS1CBSP3
… Acc Std 1 BS: Rec: user defined paragraph …N-AS1CBSP9
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 21 of 52Group Description Change
Section Old Group Description New Group Description
Notes to the Financial Statements Policy Contents - Specific: Fin Inst: FPs Policy Contents - Specific Fin Inst
prior 1/1/2018 or NFPs prior 1/1/2019 (NFP only)
Version Change
Section Group Old Financial Reporting Field New Financial Reporting Field Code
Code
General General - Release8 Release9
General
Data: April 2019 Data: April 2020
Label Changes
Group Old Label New Label Code
Notes to the Financial Statements
Policy Contents - Specific Finance Lease - customise or Lease SP (Finance) - PC-LsFin
stop print customise or stop print
Policy Contents - Specific Finance Lease: Detail Asset Lease SP (Finance): detail PC-LsAsset
Groups with any Leased Assets asset groups with any leased
assets
Policy Contents - Specific Operating Lease - customise or Lease SP (Operating) - PC-LsOpe
stop print customise or stop print
Policy Contents - Specific FI NZIFRS: CIM (Transition) - FI NZIFRS: CIM (NFP PC-FICIMTr
customise or stop print Transition) - customise or
stop print - para
Policy Contents - Specific FI NZIFRS: CFL (Transition) - FI NZIFRS: CFL (NFP PC-FICFLTr
customise or stop print - para Transition) - customise or
stop print - para
Policy Contents - Specific FI NZIFRS: DHA (Transition) - FI NZIFRS: DHA (NFP PC-FIDHATr
customise or stop print - para Transition) - customise or
stop print - para
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 22 of 52Group Old Label New Label Code
Policy Contents - Specific Revenue Recognition NZIFRS Revenue Recognition PC-CWCTUD1
Transition (CWC) - customise or NZIFRS NFP Transition
stop print (CWC) - customise or stop
print
Policy Contents - Specific RevRec CWC: Transition - has RevRec CWC: NFP Transition PC-CWCRE
Retained Earnings been - has Retained Earnings
adjusted? been adjusted?
Policy Contents - Specific RevRec CWC: Transition - has the RevRec CWC: NFP Transition PC-CWCCE
Cumulative Effect Method (CEF) - has the Cumulative Effect
been used? Method (CEF) been used?
Policy Contents - Specific RevRec CWC: Transition - RevRec CWC: NFP Transition PC-CWCTr1
customise or stop print - para 1 - customise or stop print -
para 1
Policy Contents - Specific RevRec CWC: Transition - RevRec CWC: NFP Transition PC-CWCTr2
customise or stop print - para 2 - customise or stop print -
(CEF only) para 2 (CEF only)
Policy Contents - Specific RevRec CWC: Transition - RevRec CWC: NFP Transition PC-CWCTUD2
additional policy - para 2 - additional policy - para 2
Policy Contents - Specific Fin Inst prior Fin Instruments NZIFRS (FI: FP Fin Instruments NZIFRS (NFP PC-FITran
1/1/2019 (NFP only) transition, NFP) - customise title only) - customise title or
or stop print stop print
Current Assets - Receivables CA - Transition para (NZIFRS CA - NZIFRS NFP Transition - N-CARecT
only) - customise or stop print customise or stop print
Financial Assets and Financial Liabilities FP and start date earlier than NZIFRS NFP Transition - hide N-FINComp
Note 1/1/2019; or NFP - hide comparative balances?
comparative balances?
NZIFRS – Revenue from Contracts with FP and start date earlier than NZIFRS NFP Transition - hide N-CWCComp
Customers Note 1/1/2019; or NFP - hide comparative balances
comparative balances?
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 23 of 52Deleted Fields
Section Group Label Description Code Sheet Affected
Notes to the NZ IFRS Changes in All FRFs relating to last year’s PC-ER191T 2n-Policy
Financial Accounting Policies New and Effective Standards
…. PC-ER198P2
Statements
Deleted Fields – IR10 Templates
All financial reporting fields have been removed as they were redundant.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 24 of 52APPENDICES
Appendix 1. New or Amended Accounting Standards
Where Policy test set to ‘Yes’ financial reporting fields are provided to enter the standard
name and user defined paragraphs.
These FRFs are deleted annually and replaced with new FRFs for the new ‘new and amended
standards’.
This year, provision has been made for:
• Annual Improvements to NZ IFRS 2015 - 2017 Cycle
Introductory paragraph, 3 subsections which includes a Title & UDF paragraph.
• NZ IFRS 16 Leases
9 UDF paragraphs
Subsections which include a Title (RDR NZ IFRS 16 Leases and NZ IAS 7 Statement of Cash
Flows) & UDF paragraph
• Long-term interests in associates and joint ventures (amendment to NZ IAS 28)
2 UDF paragraphs
• NZ IFRIC 23 Uncertainty Over Income Tax Treatments
2 UDF paragraphs
• Definition of material (amendments to NZ IAS 1 and NZ IAS 8)
2 UDF paragraphs
• 2018 Omnibus Tier 3 and Tier 4 PBE Accounting Requirements
3 subsections which include a Title & UDF paragraph
• 2017 Omnibus Amendments to NZ IFRS
2 UDF paragraphs
• 2018 Omnibus Amendments to PBE Standards
3 UDF paragraphs
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 25 of 52NOTE: Where the categorisation of an expense has changed e.g Grants which have 'a
use or return condition', please retag the accounts.
Sample Output
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 26 of 52Appendix 2: Leased Assets
As a result of NZ IFRS 16, effective 1 January 2019, the following sheets were impacted:
• XPA 11 enhanced to identify which assets are Leased Assets
• Specific Policy (2n-Policy) – New Leased Assets policy
• Significant Judgements and Estimated Uncertainty Policy (2n-Policy) – Provision for Leases
• Property, Plant and Equipment Note (2n-FixedAssets): ROU added
• Leases note (2n-Leases) - new note
• Lease and Hire purchase Note (2n-hirePurchase) – amended titles if no hire purchase
• NZIFRS Finance and Income Note (2n-NZIFRSFinanceIncandExp)– no change required
• Balance Sheets – amended for titles, stop print Operating lease note
• Impact of Change in Policy Note (2n-ImpactChangPol) – new reconciliation for balance sheet
items
• Leased Assets Depreciation Schedule – new schedule
The new Leases note relies on assets being integrated with the ledger. Where assets are non-integrated,
FRFs can be used to enter descriptions and values.
Impairment of Right-of-Use-Assets (NZ IFRS)
Currently XPA does not allow for the impairment of individual assets. To impair a group of assets, the
coding structure is 879/Asset group code.
With this level of coding, there is no distinction between impairment for Right-of-Use Assets and Owned
Assets.
Impact: 2n-Leases, 2n-FixedAssets:
Adding Right-of-Use Assets to the Integrated Asset Ledger
Note: Right-of-Use Assets being added to the Asset Ledger for 1/1/2019 NZ IFRS 16 standard change,
must be added as Opening Balances via Asset Opening Balances . Do NOT enter values into the tax /
book tab until the Opening Balance has been entered with the following procedure. Future new ROU
assets can be entered following the normal add process.
1. Open the Asset Ledger.
2. Create the new Right-of-Use Asset
a. Complete the fields in the Description tab
b. Select the Leased Asset check box
c. Press Enter or select Save .
d. Close out of the Asset Ledger
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 27 of 523. Open the Asset Opening Balances.
4. Enter the Asset Value into the Opening Value field and select Save and Yes to any message prompts.
5. Open the Asset Ledger and complete asset tabs
6. An Opening Balance adjustment (Chart| Opening Balance Journal), will need to be completed for
the contra entry which will be sitting against the Asset Suspense account.
7. Review depreciation schedules in XPA to ensure values have been recorded correctly. To see
individual assets set to “Leased Asset”:
a. Run the Balance Sheet with notes. The new Leases note can print individual leased assets
(< N-LeaRUT> = Yes).
b. Add 2DepnNZLeased-P to the jobstream.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 28 of 52New Specific Policy: Leased Assets
A new Leased Assets policy with default text has been designed. Every default paragraph has the option
to be customised or stop printed.
The following leases policies are available:
• Financial Leases – Special Purpose (or not NZ IFRS)
• Operating Leases – Special Purpose (or not NZ IFRS)
• Leased Assets – NZ IFRS. (NEW)
By default, the policy applicable for the ledger’s reporting basis will generate, to select an alternative
reporting base option, enter the associated override code into the FRF .
• < PC-LsAlt > to ‘SP’ – will print Special Purpose
• < PC-LsAlt > to ‘NZIFRS’ – will print NZ IFRS
• < PC-LsAlt > blank – will print the policy based on the ledger type.
Consistent with all policies, if the policy is not required to be printed it can be stop printed.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 29 of 52Sample Output Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 30 of 52
Significant Judgements, Estimates and Assumptions Policy (2n-
Policy)
The following subsections have Leases user defined FRFs:
Significant Judgements in Applying Accounting Policies:
Key Sources of Estimation Uncertainty
Property, Plant and Equipment Note (2n-FixedAssets): Leased (Right-
of-Use) Assets
The Property, Plant and Equipment Note for NZIFRS has been extended for the disclosure of Right-of-
Use Assets.
Change in Accounting Policy
To allow for transition to IFRS 16, a ‘Change in Accounting Policy’ row has been added after the Opening
Balance. Where the general ledger’s last year closing balance does not equal the current year opening
balance, the ‘Change in Accounting Policy’ row will print. Note: For an integrated ledger, this should
be done via Assets > Opening Balances.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 31 of 52Right-of-Use-Assets Extension
For the NZIFRS asset note only, a table has been added for the disclosure of the ‘Carrying Amount’
of Right-of-Use Assets. Integrated Assets that have been flagged as leased assets in the Asset
Description screen in XPA, will display as an asset group total. Alternatively, there are 2 FRFs to
manually enter 2 rows of detail. Note: user defined ROU assets will need to be re-entered for the
disclosure requirements in the ‘Leases’ (2n-Leases) note.
Where it is the first year of trading or the transitional year (Ledger start date between 1/1/2019
31/12/2019), this table won’t display comparatives.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 32 of 52Leases Note (2n-Leases)
This note was developed for NZIFRS 16, Leases which is effective from 1 January 2019.
Sheet name: 2n-Leases
Trigger: The note is triggered from the Balance Sheet where there is a value in any of the following
account codes.
• Lease – Term less than 1 year: accounts 888, 889
• Term greater than 1 year: accounts 882, 955:974
To stop the note from printing, set the financial reporting field to ‘Yes’.
Within the financial reporting fields, ‘Notes to the Financial Statements’ section, there is a group called
‘Leases (Right-of-Use Asset) Note’.
The Leases note is broken down into the following sections:
Section Section Breakdown Accounts / FRFs
Leases Customise note heading “Leases”
Default paragraph & user defined information. …
Leasing activities default paragraph
Table to describe the nature of leasing
activities:
• Up to 4 columns and 4 rows of detail N-LeaLAH1…
Additional user defined information …
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 33 of 52Section Section Breakdown Accounts / FRFs
Right-of-Use Customise section heading “Right-of-Use < N-LeaRUH>
Asset Assets” or stop print section
Table to disclose:
• Default paragraph < N-LeaRUP>
• Option to print leased assets in detail
or group totals only (integrated assets
only)
Integrated asset ledger; where
• 3 defined columns: Additions,
individual assets have been
Depreciation and Carrying Amount
flagged as Leased Assets.
Refer to Adding Right-of-Use
Assets to the Integrated Asset
Ledger
• Two user defined ROU assets (can be …
used where the asset ledger is non-
integrated) < N-LeaRUUD>
Additional user defined information
Lease Liabilities Customise section heading “Lease Liabilities”
or stop print section
Table to disclose:
• Current lease liabilities Balance Sheet: Current portion of
Lease & HP Liabilities less Reduction for current HP
portion
• Non-current lease liabilities
Balance Sheet: Non-current Lease
& HP Liabilities less
Reduction for Non-Current HP
portion
Default paragraph. Refers to the Lease and
Hire Purchase note (2n-HirePurchase) if
printed.
Additional user defined information
Table for additional information on future
leases:
…
• 4 columns and 4 rows of detail
Future leases additional user defined
information
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 34 of 52Section Section Breakdown Accounts / FRFs
Table for additional information on future
cash outflows: …
• 2 rows of detail
Future cash outflows additional user defined
information
Lease Payments Customise section heading or stop print
not Recognised section
as a Liability
Default paragraph < N-LeaLPP1>
Table for lease payments not recognised as a < N-LeaLPP2>
liability:
• 2 rows of detail …
Paragraph for commitment to short term …
leases & commitment amount
…
Lease Payments not Recognised as a Liability
additional user defined information
Additional Profit Customise section heading or stop print
or Loss and Cash section
Flow Information
User defined paragraph
Table for additional profit or loss and cash
flow information:
• 3 rows of detail …
Default paragraph for interest expense in
relation to leasing liabilities. This refers to the
NZIFRS Finance and Income Note when
printed (2n-NZIFRSFinanceIncandExp).
Additional user defined information
Sale and Customise section heading or stop print
Leaseback section
Transactions
Default paragraph for sale and leaseback
transactions
Additional user defined information
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 35 of 52Sample Output
There is a FRF to hide the following table, even if the columns headings have data:
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 36 of 52Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 37 of 52
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 38 of 52
Leases and Hire Purchase Note: 2n-hirePurchase
2 new financial reporting fields have been added:
if the Leases note prints, the following text will print :
“For further detail on leases (right-of-use assets), refer to Note xx”
2n-NZIFRSFinanceIncandExp
Using current functionality, the interest expense should be selected to be disclosed in this note.
2BalanceSheet, 2BalanceSheet_WC
Showing ‘Lease and Hire Purchase Liabilities’ in summary the Balance Sheet title is
dependent on:
i) If the Leases note prints, the title is dependant on whether the note liability value is
overridden or :
• Value not overridden, the default title for the Balance Sheet is ‘Lease Liabilities’
• Value overridden, the default title for the Balance Sheet is ‘Lease & Hire Purchase
Liabilities’
ii) Where the Leases note doesn’t print, the default title is “Lease & Hire Purchase Liabilities’
Note: 2n_OperatingLease: This note will need to be manually stop printed , where the
‘Leases ‘note is printed.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 39 of 52Impact of Change in Policy Note: 2n-ImpactChangePol
This note has been enhanced to allow disclosure for Leased Assets. This note allows users to control the
detail by entering the desired number of rows into FRFs and manually entering the titles and values
after generation.
The FRFs highlighted below are new in this year’s release.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 40 of 52Sample Output Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 41 of 52
Leased Assets Depreciation Schedule (2DepnNZLeased-P,
2DepnNZLeased)
Leased Assets can be displayed in either portrait (2DepnNZLeased-P) or landscape(2DepnNZLeased).
The default title “Leased Assets Depreciation Schedule” can be edited with a new FRF .
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 42 of 52Appendix 3. Placeholder Notes (Notes - Placeholder1 & Notes -
Placeholder2)
Two blank notes sheets have been created to be used as placeholders after the NOTES in a jobstream.
These placeholder notes reserve page numbers for external notes to be inserted after the jobstream has
generated. The placeholder notes generate blank pages which will need to be discarded and replaced
with the external notes.
Financial reporting fields are used to define the number pages for each placeholder note (Maximum of
10 pages each).
The page numbers will be included on the index (2Index_JobOrder) as part of the Notes to and forming
part of the Financial Statements.
In the example below, the ‘Notes – Placeholder’ will be replaced with the external notes.
The placeholder notes must be positioned directly after the NOTES (External Note Sheet) in the
jobstream.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 43 of 52Appendix 4. Value Add SnapShot Dashboard (VA_SnapShot)
The Snapshot Dashboard has been enhanced to be more aligned with the income statement and allow
a bit more flexibility in some of the calculations. Additional FRFs have been added to accommodate the
enhanced functionality. Some of the calculations have also been amended, refer to the calculations
below.
New tiles have been added for Trade Revenue and Trade Expenses. These tiles can be turned on and off
using FRF < VA_SSTrRE>.
Report Options
The FRF, Show Revenue (Gross Profit) excluding Other Income and Other Revenue? < VA_SSGPOI> has
an impact on a number of the calculations.
Calculations
The SnapShot Dashboard is based on the ‘VA_Reports’ tag set. The following explains how the values on
the tiles are calculated.
Total Revenue: No changes
= TradeRevenue + OtherIncome + OtherRevenue
Total Expenses: Amended to include of COGS and Direct Costs.
= COGs + Direct Costs + Sum of Expense1 - Expense10 + Interest + Depreciation + Shareholder &
Directors Rem + Taxation
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 44 of 52Trade Revenue: New tile
= TradeRevenue
Trade Expenses: New tile
= COGS + DirectCosts
Gross Profit:
Previous sheet calculation: Total Revenue - COGS
Amended to allow the exclusion of Other Income and Other Revenue .
The title will adjust according to the selection and can be customised using FRF < VA_SSGPTit>.
= Trade Revenue – COGs ( set to Yes)
= Total Revenue – COGs ( set to No)
Operating Profit:
Previous sheet excluded depreciation, interest and tax from the Operating Profit calculation.
FRFs have been added to allow the exclusion of:
• Depreciation
• Interest
• Taxes
• Owners Remuneration .
The FRF defaults include these expenses in the calculation (except taxes).
The title will adjust according to the selection and can be customised using FRF .
= Gross Profit (refer to the Gross Profit calculation) – Total Expenses (including/excluding
Depreciation, Interest, Taxes and Owners Remuneration)
Net Profit: No changes
= Gross Profit (including Other Income and Revenue) – Total Expenses (including Interest, Tax,
Depreciation, Interest, Taxes and Owners Remuneration)
Net Profit %: New FRF to define Revenue for the calculation.
= (Gross Profit (including Other Income and Revenue) – Total Expenses (including Interest, Tax,
Depreciation, Interest, Taxes and Owners Remuneration))/ Revenue
• set to NO = Total Revenue
• set to YES = Trade Revenue.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 45 of 52✓ For the following two formulas there was a discrepancy between the Current Liabilities on the
Balance Sheet and the SnapShot Dashboard. This was caused by the swinging accounts such as
Current Accounts and Related Parties which were not being calculated correctly between current
liabilities and current assets on the SnapShot Dashboard.
Debt to Equity Ratio:
= (Total Current Liabilities + Total Non-Current Liabilities) / Total Equity
Working Capital Ratio: No changes
= Current Assets / Current Liabilities
Acid Test Ratio: No changes
= (Cash & Bank + Short Term Investments + Current Receivables) / Current Liabilities
Times Interest Earned Ratio: No changes
= Income before Interest and Taxation / Interest
Debtors Turnover:
Previous version calculation: Current Receivables (excl. GST) / Ave Receivables
Formula has been amended as follows:
= Revenue / (Current Receivables (Opening Balance + Closing Balance)/2)
• set to NO = Total Revenue
• set to YES = Trade Revenue.
Debtors Turnaround:
Previous version calculation: (Current Receivables (excl. GST) / Total Revenue) * 365
Formula has been amended as follows:
= (Current Receivables (Opening Balance + Closing Balance)/2) / Revenue) *365
• set to NO = Total Revenue
• set to YES = Trade Revenue.
Creditors Turnaround: No changes
= Total Purchases / Ave Accounts Payables
Creditors Turnaround:
Previous calculation: (Current Receivables (excl. GST) / Total Purchases + Total Expenses) *365
Formula has been amended as follows:
= (Ave Accounts Payables / Total Purchases + Total Expenses) *365
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 46 of 52Inventory Turnover:
Previous calculation: Total COGs / Average Inventory
Formula has been amended as follows:
= COGS (excl. Direct Costs) / (Inventories (Opening Balance + Closing Balance)/2)
Inventory Turnaround:
Previous calculation: Inventories / Total Cost of Goods Sold
Formula has been amended as follows:
= (Average Inventory / COGS (excl. Direct Costs)) *365
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 47 of 52Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 48 of 52
Appendix 5: Transition of Financial Instruments and Contracts with Customers
For-Profit entities
Where the ledger start date is after 1 Jan 2019, the transition options are not available and transition
defaults will not be displayed.
Not-for-Profit entities
Standard sheets do not support early adoption. The financial reporting fields to customise default text
regarding transition have been retained from the For-Profit transition period 1/1/2018. These can be
utilised if the entity is early adopting NFP NZIFRS standards.
NOTE: Transitional default text has not been amended for Not-for-Profit.
Sheets impacted:
2n-FinAssetFinLiab: Financial Assets and Financial Liabilities Note
2n-NZIFRSRevCWC: Revenue from Contracts with Customers Note
2n-Policy: Revenue Recognition – Contracts with Customers
2n-Policy: Financial Instruments
2n-Receivables: Trade and Other Receivables Note
Financial Instruments Policy - NFPs
There are 2 NZ IFRS Financial Instrument policies available. Stop print the policy that is not required.
Policy Contents – Specific (NZ IFRS 9 policy)
The defaults for this policy are designed for NZ IFRS 9 (For-Profit entities with a start date after
1/1/2018).
If this policy is printed with the 2nd policy, the policy title is “Financial Instruments from .
The policy stop print is
Not-for-Profits utilising this policy should customise the following financial reporting fields,
otherwise stop print them:
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 49 of 52Policy Contents – Specific prior to NZ IFRS 9
This is the policy that printed before For-Profit entities transitioned to NZ IFRS 9.
Where both financial instrument policies are printed, the policy title is “Financial Instruments
prior to .
The policy stop print is
Financial Assets and Liabilities Note
When an NFP transitions, they have the option to hide comparatives
Revenue and Contracts with Customers
Transitional default text has been retained, however it has not been updated for NFPs. Where an NFP
early adopts Contracts with Customers disclosure changes, enter customised text into the Transition
FRFs.
Revenue Recognition Policy
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 50 of 52Receivables note (2n-Receivables) Revenue from Contract with Customers Note (2n-NZIFRSRevCWC) Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 51 of 52
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