Preparing financial statements is easier when you have a good example to follow. KPMG's Model financial statements deal with reporting under IFRS for entities in different industries.
The content of these publications reflects accounting practice at the time of writing, but accounting practice is continually evolving. It is therefore necessary for preparers of financial statements to keep abreast of accounting developments and their impact on financial statements.
These publications should be used in conjunction with the underlying legislation and financial reporting standards, particularly where a specific disclosure area is not covered or where there is uncertainty regarding interpretation.