AU XCEDE SHEETS RELEASE NOTES - Reckonapsdownloads.reckon.com/reckonaps/XPA_Aus/Reckon...• Microsoft Excel 2010, Microsoft Excel 2013 and Microsoft Excel 2016 • Xcede Reporting

AU XCEDE SHEETS RELEASE NOTES

AU Xcede Sheets

August 2018

Reckon Limited | AU Xcede Sheets August 2018

Reckon Limited | PAGE 2 OF 44

Author

Created and Published by Reckon Limited Level 7, 65 Berry Street North Sydney NSW 2060 Australia ACN 003 348 730 All Rights Reserved Copyright © 2018 Reckon Limited

Copyright & Trademarks No part of these materials may be reproduced or transmitted in any form or by any means, including photocopying, without written permission of Reckon Limited.

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.



Contents Introduction ............................................................................................................................. 5

Known Issues ......................................................................................................................... 6 Pre-requisites ......................................................................................................................... 6 Financial Reporting Field Codes ............................................................................................ 6 Refreshing the Financial Reporting Fields on a Ledger ........................................................ 7 XPA Template to Customised Template Refresh .................................................................. 7 The Header & Footer Sheets ................................................................................................. 7

Section 1: Templates .............................................................................................................. 8

Master Chart Template .......................................................................................................... 8 All Standard Templates.......................................................................................................... 9 Financial Reporting Fields ..................................................................................................... 9

Amended FRFs – All Entity Templates ............................................................................................ 9 Amended FRFs – Association, Company & Trust Templates ....................................................... 11 Amended FRFs – Association Template ....................................................................................... 12 Amended FRFs – Company Template ........................................................................................... 12 Amended FRFs – Partnership Template ....................................................................................... 13 Amended FRFs – Superannuation Template ................................................................................ 13 Deleted FRFs - All Entity Templates .............................................................................................. 14 Deleted FRFs - Company Template .............................................................................................. 14 New Financial Reporting Field Groups - All Entity Templates ........................................................ 15 New FRFs - All Entity Templates ................................................................................................... 15 New FRFs - Association, Company & Trust Templates ................................................................. 20 New FRFs – Company, Partnership & Trust Templates ................................................................ 21 New FRFs - Association Template ................................................................................................. 21 New FRFs - Company Template .................................................................................................... 21 New FRFs - Partnership Template ................................................................................................. 23 New FRFs - Trust Template ........................................................................................................... 23 New FRFs – All Entity Templates (Value Add Reports) ................................................................. 24

Section 2: Xcede Sheets – New and Amended ..................................................................25

New Sheets ..........................................................................................................................25 Value Add Sheets .......................................................................................................................... 25

Amended Sheets .................................................................................................................25 Compliance Sheets ........................................................................................................................ 25 Management Sheets ...................................................................................................................... 31 Value Add Sheets .......................................................................................................................... 32

Appendix 1: Cash Flow (Notes - Cash Flow) ......................................................................33



Data Options ........................................................................................................................33 Sample Note ........................................................................................................................34

Appendix 2: Minutes of Meeting of Directors (MinDr and MinDrSml)..............................35

Sample Report .....................................................................................................................35

Appendix 3: Directors’ Declaration (DrDeclarTrust and ManDeclarTrust) ......................36

Sample Report .....................................................................................................................36

Appendix 4: Partners’ Declaration (DeclarPship and ManDeclarPartner) ......................37

Sample Report .....................................................................................................................37

Appendix 5: Balance Sheet (ManBSSub) ...........................................................................38

Sample Report .....................................................................................................................38 Print sub account balances for asset accounts 730 – 732 ............................................................. 38 Switch off sub account balances for asset accounts 730 – 732 ..................................................... 39

Appendix 6: Profit and Loss Statement (ManPLNN) .........................................................41

Sample Report .....................................................................................................................41

Appendix 7: Expenses Per Unit - 5 Year (VA_PrimaryProd) .............................................42

Report Options .....................................................................................................................42 VA_PrimaryProd – User Defined Fields ......................................................................................... 42 Expenses Per Unit – 5 year Titles .................................................................................................. 42

Sample Reports ...................................................................................................................43 Expenses per Hectare.................................................................................................................... 43 Expenses per Kg Milk Solid ........................................................................................................... 43 Expenses per Stock Unit ................................................................................................................ 44



Introduction

This release is primarily for Compliance Reports with some enhancements to the Management and Value Add reports.

This release package includes:

• All sheets released in July 2017 with subsequent: o Amendments for enhancement and corrections o New sheets.

• Master template and entity templates:

o New and amended financial reporting fields o New sheets merged in.

This document has been divided into the following three sections:

• Section 1: Template changes, including financial reporting fields.

• Section 2: New and amended Xcede master sheets.

• Appendices: Explain the layout and reporting options for new and amended sheets.

The following convention is used throughout the document:

Enhancement

Correction

IMPORTANT Consideration is required BEFORE the installation of the Reckon APS XPA AU Master Templates and Sheets.

• How will these changes affect practice customisations

• Ensuring practice defaults for ALL new financial reporting fields are set before the practice template is refreshed to client ledgers.

This release includes sheets for use with:

• Microsoft Excel 2010, Microsoft Excel 2013 and Microsoft Excel 2016 • Xcede Reporting Engine 10.6 • XPA version 10.5

NOTE! The Value Add reports cannot form part of a standard Compliance or Management jobstream and are not included on the Index page.

Where a sheet is suffixed .xlsx after the sheet name, it is supported in both Xcede 9 and Xcede 10. Sheets that are suffixed .xlsb are only supported in Xcede 10.



Known Issues A knowledge base article #18881 has been created to advise users of any new known issues as a result of this sheets release. To review knowledge base article #18881, select the following link:

https://myaps.aps-advance.com/vsm_prod/ServiceManager.aspx?Lite&Form=KnowledgeSearchCriteria&DATABASE=VSMProd&NOAUTH=&JAVA_FLAG=1&PORTAL=&HTML_TYPE=LITE&ARTICLE_REF=18881&FromExternal=1

Pre-requisites The Xcede Professional Accounting 10.5 and Xcede Reporting Engine v10.6 must be installed for the new functionality in the Xcede Sheets to be effective.

IMPORTANT!

Please read the Installation notes for the Xcede Professional Accounting 10.5 and Xcede Reporting Engine v10.6 accompanying this release.

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. <FirstYear>.

To view the field code, click on the Financial Reporting Field icon in XPA. In the Financial Reporting Fields window, click the spanner icon to view the maintenance column on the right side of the screen where the field codes can be identified.

NOTE: This document may also refer to financial reporting fields as ‘FRFs’ where applicable.








Refreshing the Financial Reporting Fields on a Ledger

IMPORTANT: Template to Template refresh will require a review of all new financial reporting fields BEFORE refreshing of practice ledgers. Once you have saved the new XPA Xcede Master Sheets and entity templates into their respective directories, each existing ledger needs to be refreshed against the appropriate entity template. This procedure adds any new financial reporting fields introduced with this release into your ledger. Ensure the Practice Templates have defaults set before refreshing ledgers.

XPA Template to Customised Template Refresh

The XPA entity templates store a short chart of accounts, a table of ‘system’ financial reporting fields and a list of jobstreams. The financial reporting fields have been amended to include new fields, delete obsolete fields and update default data. Please be aware that a refresh of financial reporting fields from the August 2018 XPA template to your customised template does not update existing default data and settings stored in retained ‘system’ fields. This is to ensure that any changes you have made to the financial reporting fields stored on your July 2017 customised templates are not overwritten.

Where you have made changes to the settings and data stored in financial reporting fields on your customised templates and opened practice specific financial reporting fields, then you need to review these release notes and check the default data stored meets your reporting requirements.

Where you have made minimal changes to the settings on the table of financial reporting fields and/or the short chart of accounts; and, that the main reason for maintaining a set of customised templates is to manage your practice jobstreams, then we recommend that you do not refresh the financial reporting fields. Rather, re-customise the August 2018.XPA templates and re-do any changes to the data and settings stored on financial reporting fields. Review these release notes to see if there are any further settings that need changing or data amendments required to make use of any enhancement included in this release. Then re-create the practice specific jobstreams. This method would ensure the data stored in the financial reporting fields on your customised templates is in line with the data stored on the XPA August 2018 templates.

The Header & Footer Sheets

IMPORTANT!

Where you have customised header and/or footers then please be aware that there may be issues when you upgrade to the new sheets.



Section 1: Templates

Master Chart Template XCED-1488. The Master Chart Template has been updated and descriptions added to the following in the Chart of

Accounts:

Account code Account description Account Type

079 Body corporate fees Rental Accounts

082 Electricity and gas Rental Accounts

195 Service fees Professional Income

214 Employee contributions Non-Trading Income

215 Debts forgiven Non-Trading Income

320 Computer expenses Overhead Expenses

328 Debts forgiven Overhead Expenses

395 Management fees Overhead Expenses



All Standard Templates The nine standard templates that accompany this release have been amended to update the release date to August 2018.

#XCED-1442. All XPA Master Templates, excluding the Rental template (RENTAL AIFRS.XPA) have had the asset suspense account changed from 969 to 970.

Financial Reporting Fields For the amended FRFs; where the field code has changed, the default text for that fields has been amended but if the field code remains the same, only the field label has been amended.

Amended FRFs – All Entity Templates

Section Group Old financial reporting field/code/label

New financial reporting field/code /label

TEMPLATES: ASSOC AIFRS.XPA, COMPANY AIFRS.XPA, PSHIP AIFRS.XPA, TRUST AIFRS.XPA

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

Financial Instruments Policy Note

Recognition paragraph 2: amend or delete text where required

<APFI1>

Recognition paragraph 2: amend or delete text where required

<APFI1a>



Financial assets at fair value para: amend or delete text where required

<APFI32>

Financial assets at fair value para 1: amend or delete text where required

<APFI32>

NOTE 1 - SIGNIFICANT Financial Instruments Financial liabilities paragraph: amend or delete text where

Financial liabilities paragraph 1: amend or delete text where





ACCOUNTING POLICIES Policy Note required

<APFI6z>

required

<APFI6z>


Goodwill Policy Note - Reporting Entity & Large N/R Company

Reporting [entity]: calculation of goodwill. Amend/ delete text where required

<APInt1z>

Reporting [entity]: calculation of goodwill. Amend/ delete text where required

<APInt1a>



Goodwill paragraph 2: amend text or delete text where required

<APInt6z>


<APInt6a>




<APInt7z>


<APInt7z>




<APInt8z>


<APInt8a>




<APInt10z>


<APInt10z>




<APInt3>


<APInt3>


Leases Policy Note Operating leases paragraph: amend text or delete text where required

<APLease3>

Operating leases paragraph: amend text or delete text where required

<APLease3a>


Revenue & Other Income Policy Note

Dividend revenue from associates & JVs paragraph: amend text where required

<APRev11>

Dividend revenue from associates & JVs paragraph: amend text where required

<APRev10a>



Amended FRFs – Association, Company & Trust Templates



TEMPLATES: ASSOC AIFRS.XPA, COMPANY AIFRS.XPA, TRUST AIFRS.XPA


Income Tax Policy Note - Reporting & Large N/R Company

Income tax paragraph 2: amend text or delete text where required

<APIT2>


<APIT2a>



Income tax alternate paragraph 2: amend text or delete text where required

<APIT16>


<APIT16a>




<APIT4>


<APIT4a>




<APIT7>


<APIT7>




<APIT11>


<APIT11>




<APIT7y>


<APIT7y>




<APIT8>


<APIT8>




<APIT10>


<APIT10>




<APIT9>


<APIT9>



Amended FRFs – Association Template



TEMPLATE: ASSOC AIFRS.XPA


Impairment of Assets Policy Note

Reporting assoc: impairment of assets para 1: amend or delete text as required

<APIA1b>

Reporting assoc: impairment of assets para 1: amend or delete text as required

<APIA1b1>

Amended FRFs – Company Template



TEMPLATE: COMPANY AIFRS.XPA



Impairment paragraph 3: amend or delete text where required

<APFI9z2>

Impairment paragraph 3 for Non-Reporting: amend or delete text where required

<APFI9z2>




<APFI9z3>


<APFI9z3>




<APFI9z4>


<APFI9z4>



Financial guarantees paragraph 1: amend or delete text where required

<APGuar1z>

Financial guarantees paragraph: amend or delete text where required

<APGuar1za>



Derecognition paragraph: amend or delete text where required

<APFI12z>

Derecognition paragraph 1: amend or delete text where required

<APFI12z>


Trade & Other Payables Policy Note

Reporting company: Trade & other payables paragraph: amend

Trade & other payables paragraph: amend text or delete text where





text or delete text where required

<APTrade1z>

required

<APTrade1z>

Amended FRFs – Partnership Template



TEMPLATE: PSHIP AIFRS.XPA

TEXT REPORTS & DECLARATIONS

Partners’ or Principal’s Declaration

Not all partners to sign? Add partner code for signing partner 2, where required

<PNS2>

Not all partners to sign declaration? Add partner code for signing partner 2

<PNS2>




<PNS3>


<PNS3>




<PNS4>


<PNS4>




<PNS5>


<PNS5>

Amended FRFs – Superannuation Template



TEMPLATE: SUPER AIFRS.XPA


Revenue Policy Note Distribution revenue paragraph: amend text or delete text where

Distribution revenue paragraph: amend text or delete text where





required

<APRev6y>

required

<APRev6>

Deleted FRFs - All Entity Templates

Section Group Description Label description Code



New Accounting Standards for Application in Future Periods Policy Note

Include information on amendment to AASB 2014-3?

ASText16



Amend text as required for disclosure regarding AASB 2014-3, paragraph 1

ASText15




ASText21




ASText22




ASText23

Deleted FRFs - Company Template




Financial Instruments Policy Note Financial guarantees paragraph 2: amend or delete text where required

APGuar2az

NOTE 1 - SIGNIFICANT Financial Instruments Policy Note Financial guarantees paragraph 3: APGuar2z




ACCOUNTING POLICIES amend or delete text where required

New Financial Reporting Field Groups - All Entity Templates

Section Group Description

MANAGEMENT ACCOUNTS Management Profit & Loss (ManPLNN only) – Include EBITDA

MANAGEMENT ACCOUNTS Management Divisional Trading Profit & Loss – Include P&L

New FRFs - All Entity Templates



MANAGEMENT ACCOUNTS Management Profit & Loss (ManPLNN only) – Include EBITDA

Include a section for EBITDA? Select 'Yes' to include

MAEBITDA

MANAGEMENT ACCOUNTS Management Divisional Trading Profit & Loss – Include P&L

Include the section of Profit & Loss? Select 'No' to exclude

Mandivq1a

MANAGEMENT ACCOUNTS Management Balance Sheet – Includes Subaccounts

Include sub acct balances for assets 730-732? Select No to print control accts

MBSSub730

MANAGEMENT ACCOUNTS Management Balance Sheet – Includes Subaccounts

Where you selected 'No' above, include brackets where 731, 732 are accum depn?

MBSSub730b


Financial Instruments Policy Note Include disclosure on purchases and sales of financial assets?

APFI31z


Financial Instruments Policy Note Purchases and sales of financial assets: amend text where required

APFI31y


Financial Instruments Policy Note Financial assets at fair value para 2: amend or delete text where required

APFI32a





Financial Instruments Policy Note Financial liabilities paragraph 2: amend or delete text where required

APFI6y



Include disclosure on the calculation of goodwill?

APIntGC1




APIntGC1a



Include disclosure on the [entity's] ownership?

APIntGO1




APIntGO1a




APIntGO1b


Investments in Associates Policy Note Investments in associates paragraph 5: amend text or delete text where required

APInvAss6


Leases Policy Note Operating leases paragraph 2: amend text or delete text where required

APLease3b




ASText147




ASText147a




ASText147b




ASText147c




ASText145







ASText145a




ASText145b




ASText158




ASText158a




ASText158b



Include information on amendment toAASB 2016-7?

ASText167




ASText167a




ASText167b




ASText167c




ASText167d




ASText167e




ASText163







ASText163a




ASText163b




ASText163c




ASText163d




ASText163e




ASText163f


Property, Plant and Equipment Policy Note – Reporting Entity & Large N/R Company

Include policy on the assets carrying amount? If so then review next para

APPropCA


Property, Plant and Equipment Policy Note – Reporting Entity & Large N/R Company

Assets carrying amount paragraph: amend text or delete text where required

APPropCA1

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Include changes in financing liabilities from cash & non-cash flow items?

CaFICA

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Heading: Change in fin liab from cash & non-cash items. Amend/delete as required

CaFICAH

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Enter title of item 1 CaFICAT1

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Opening balance at start of year of item 1

CaFICAOB1

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Cash flow for item 1 CaFICACF1




STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Non-cash changes to item 1 - description 1

to

Non-cash changes to item 1 - description 4

CaFICA1d1

to

CaFICA1d4

STATEMENT OF CASH FLOWS Notes to the Statement of Cash Flows Non-cash changes to item 1 - amount 1

to

Non-cash changes to item 1 - amount 4

CaFICA1a1

to

CaFICA1a4



CaFICAOB2



to


CaFICA2d1

to

CaFICA2d4


to


CaFICA2a1

to

CaFICA2a4



CaFICAOB3



to


CaFICA3d1

to

CaFICA3d4





to


CaFICA3a1

to

CaFICA3a4



CaFICAOB4



to


CaFICA4d1

to

CaFICA4d4


to


CaFICA4a1

to

CaFICA4a4

New FRFs - Association, Company & Trust Templates


TEMPLATES: ASSOC AIFRS.XPA, COMPANY AIFRS.XPA, TRUST AIFRS.XPA



Where the above text is not applicable, select yes to include text below

APIT4b




APIT4c




APIT6a



New FRFs – Company, Partnership & Trust Templates


TEMPLATES: COMPANY AIFRS.XPA, PSHIP AIFRS.XPA, TRUST AIFRS.XPA


Trade & Other Payables Policy Note Account payable & other payables paragraph: amend or delete text where required

APTrade1b

New FRFs - Association Template


TEMPLATE: ASSOC AIFRS.XPA


Non-Reporting Associations : Reporting Basis and Conventions

Review the title and amend where required

Title50



Do you want to include a paragraph of Statement of Compliance?

APSC




APSC1



Paragraph on Statement of Compliance. Replace text as required

APSC2


Accounts Payable & Other Payables Policy Note

Account payable & other payables paragraph: amend or delete text where required

APTrade1b

New FRFs - Company Template






MINUTES Minutes of Meeting of Directors – Year End

Do you want to include the section of annual statement? Select No to exclude

MinAs1


Financial Instruments Policy Note Impairment paragraph 3 for Reporting: amend or delete text where required

APFI9z2a


Financial Instruments Policy Note Impairment paragraph 4 Reporting: amend or delete text where required

APFI9z3a


Financial Instruments Policy Note Impairment paragraph 5 for Reporting: amend or delete text where required

APFI9z4a


Financial Instruments Policy Note IMPAIRMENT- Paragraph 6: Include disclosure?

APFIYN12


Financial Instruments Policy Note Impairment paragraph 6: amend or delete text where required

APFI9z5a


Financial Instruments Policy Note IMPAIRMENT- Paragraph 7: Include disclosure?

APFIYN13


Financial Instruments Policy Note Impairment paragraph 7: amend or delete text where required

APFI9z6a


Financial Instruments Policy Note Derecognition paragraph 2: amend or delete text where required

APFI12za


Impairment of Assets Policy Note Reporting & large n/r coys: impairment assets p 4: amend/delete text as required

APIA1c


Income Tax Policy Note – Reporting Companies & Large Non-Reporting Company

Include deferred tax disclosure on tax consolidation?

APIT20




APIT20a




APIT20b



New FRFs - Partnership Template


TEMPLATE: PSHIP AIFRS.XPA


Partners’ or Principal’s Declaration Not all partners to sign declaration? Add partner code for signing partner 6

PNS6



PNS7



PNS8



PNS9



PNS10

New FRFs - Trust Template


TEMPLATE: TRUST AIFRS.XPA

TEXT REPORT & DECLARATIONS

Directors’ or Trustees’ Declaration Prefer to display the corporate trustee name? If so, select 'Yes'

DrCorpTrN


Income Tax Policy Note – Reporting Trust


APIT15




APIT16a

TEXT REPROTS & DECLARATIONS

Directors’ or Trustees’ Declaration Prefer to display the corporate trustee name? If so, select 'Yes'

DrCorpTrN







APIT15




APIT16a

New FRFs – All Entity Templates (Value Add Reports)

The FRFs for the Value Add Reports have been re-arranged based on Tag Sets



Value Add Reports – VA_PrimaryProd Tag Set

Expenses Per Unit – 5 Years Review heading for 'Expenses per Hectare' & amend where required

VA_ExHaHd


Expenses Per Unit – 5 Years Review title for 'Hectares' & amend where required

VA_EXHaTt


Expenses Per Unit – 5 Years Review heading for 'Expenses per Kg Milk Solid' & amend where required

VA_ExMSHd


Expenses Per Unit – 5 Years Review title for 'Kg Milk Solids' & amend where required

VA_ExMSTt


Expenses Per Unit – 5 Years Review heading for 'Expenses per Stock Unit' & amend where required

VA_ExStkHd


Expenses Per Unit – 5 Years Review heading for 'Stock Units' & amend where required

VA_ExStkTt



Section 2: Xcede Sheets – New and Amended

IMPORTANT! Sheets suffixed ‘.xlsb’ are only supported by Xcede 10

New Sheets For additional detail, please refer to the Appendices.

Value Add Sheets

Sheet name Sheet description Template has a New or Deleted FRF?

VA_EXPPerHa5yr.xlsb Expenses per Hectare Yes

VA_EXPPerKg5yr.xlsb Expenses per Kg Milk Solid Yes

VA_EXPPerUnit5yr.xlsb Expenses per Stock Unit Yes

Amended Sheets The following sheets have been amended since July 2017 release.

Compliance Sheets

Compliance Reports Template has a New or Deleted FRF?

AuditReport.xlsX #XCED-1785.

Large Non-Reporting Companies only

Paragraph for reporting on: ‘Information Other than the Financial Report and Auditor’s Report Thereon’ has been added.

No

Comp Income Statement.xlsX The cell names; 'REVNAT', "REVNATC", 'OthRevNat' and "OthRevNatC have been deleted.

No

Note 1 Non-Reporting AIFRS.xlsX

#XCED-1768. Basis of Preparation: No




Large Non-Reporting Companies only

Disclosure updated for large non-reporting entities.


#XCED-1786. Reporting Basis and Conventions:

Non-reporting Associations only

* A title has been added to the first paragraph.

The title can be amended or deleted in FRF <Title50>.

* Disclosure added for the ‘Statement of Compliance’.

The FRF <APSC> must be set to ‘Yes’ for the section to print. The default title can be amended in FRF <APSC1> and the default paragraphs can be amended in FRFs <APSC1> and <APSC2>.

Yes

Note 1 Reporting AIFRS.xlsX


#XCED-1784, #XCED-1791, #XCED-1792, #XCED-1793. Financial Instruments:

* ‘Initial recognition and measurement’ - Additional disclosure has been added to the 2nd paragraph.

The FRF <APFI13> must be set to ‘Yes’ for the paragraph to print. The default text for these items can be amended in FRF <APFI1a>.

* ‘Classification and subsequent measurement’ – A disclosure has been added for the purchases and sales of financial assets.

The FRFs <APFI15> and <APFI31z> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APFI31y>.

* ‘Classification and subsequent measurement > Financial assets at fair value’ - A 2nd disclosure paragraph has been added.

The FRF <APFIYN3> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APFI32a>.

* ‘Classification and subsequent measurement > Financial liabilities’ - A 2nd disclosure paragraph has been added.

The FRF <APFIYN6> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APFI6y>.

Reporting Companies only

* “Impairment’ - Disclosures for paragraphs 3, 4 & 5 have been amended.

Paragraph 3 - The FRFs <APFI18> and <APFIYN9> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APFI9z2a>.


Paragraph 5 - The FRFs <APFI18> and <APFIYN11> must be set to ‘Yes’ for the paragraph to print. The default text can be

Yes




amended in FRF <APFI9z4a>.

Reporting and Non-reporting Companies only

* “Impairment’ - Additional disclosures (paragraph 6 and 7) have been added.



* “Financial guarantees’ – Disclosure reduced to one paragraph.

The FRF <APFI19> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APGuar1za>.

* “Derecognition’ – An additional disclosure paragraph has been added.

The FRF <APFI14> must be set to ‘Yes’ for the paragraph to print. The default text can be amended in FRF <APFI12za>.



#XCED-1790. Goodwill:

* Existing disclosures amended to remove duplicate paragraphs.

The default text for these items can be amended in FRF <APInt1a>, <APInt6a> and <APInt8a>.

* Disclosure added for the ‘calculation of goodwill’.

The FRF <APIntGC1> must be set to ‘Yes’ for the text to print. The default text can be amended in FRF <APIntGC1a>.

* Disclosure added for the ‘company's ownership’.

The FRF <APIntGO1> must be set to ‘Yes’ for the text to print. The default text can be amended in FRF <APIntGO1a> and <APIntGO1b>.

• For ‘Note 1 Non-Reporting AIFRS.xlsX’, the above changes only apply to Large Non-Reporting Companies.

Yes



#XCED-1794. Impairment of Assets:

Associations only

* Reporting association – the text for the first paragraph has been amended.

The default text can be amended in FRF <APIA1b1>.

Companies only

* Reporting and large Non-reporting companies - Disclosure added for the ‘subsequent reversal of an impairment losses’. The default text can be amended in FRF <APIA1c>.


Yes






XCED-1769. Income Tax:

Associations, Companies and Trusts only

* Disclosures for ‘Income tax paragraphs 2 – 4’ has been changed.

The default text can be amended in FRF <APIT2a>, <APIT16a> and <APIT4a> or <APIT4c>.

* New ‘paragraph 6’ disclosure inserted for ‘deferred tax liability’.

The default text can be amended in FRF <APIT6a>.

Companies only:

* Disclosure added for Tax Consolidation.

The FRF <APIT20> must be set to ‘Yes’ for the text to print. The default title and text can be amended in FRF <APIT20a> and <APIT20b>.


Yes



#XCED-1795. Investments in Associates:

Disclosure added for the ‘requirements of AASB 139’.

The default text can be amended in FRF <APInvAss6>.

Yes



#XCED-1772. Leases:

* The existing disclosure for Operating Lease Payments has been amended.

The default text can be amended in FRF <APLease3a>.

* An additional disclosure has been added for Operating Lease Incentives.

The default text can be amended in FRF <APLease3b>.

Yes



#XCED-1780. Property, Plant and Equipment:

Disclosure added for the ‘carrying amount of plant and equipment’.

The FRF <APPropCA> must be set to ‘Yes’ for the text to print. The default text can be amended in FRF <APPropCA1>.


Yes



#XCED-1799. Revenue & Other Income:

The disclosure for ‘Dividend revenue from associates & JVs’ has been updated.

The FRF <APRev10> must be set to ‘Yes’ for the text to print. The default text can be amended in FRF <APRev10a>.

Yes






#XCED-1797, #XCED-1861. New Accounting Standards for Application in Future Periods:

* Disclosures for Accounting Standard ‘AASB 2014-3’ have been deleted.

* Disclosures for the following Accounting Standards have been added:

** ‘AASB 2014-7’

The FRF <ASText147> must be set to ‘Yes’ for the text to print. The default text can be amended in FRFs <ASText147a>, <ASText147b> and <ASText147c>.

** ‘AASB 2014-5’

The FRF <ASText145> must be set to ‘Yes’ for the text to print. The default text can be amended in FRFs <ASText145a> and <ASText145b>.

** ‘AASB 2015-‘8

The FRF <ASText158> must be set to ‘Yes’ for the text to print. The default text can be amended in FRFs < ASText158a> and <ASText158b>.

** ‘AASB 2016-7’

The FRF <ASText167> must be set to ‘Yes’ for the text to print. The default text can be amended in FRFs <ASText167a>, <ASText167b>, <ASText167c>, <ASText167d> and <ASText167e>.

** ‘AASB 2016-3’

The FRF <ASText163> must be set to ‘Yes’ for the text to print. The default text can be amended in FRFs <ASText163a>, <ASText163b>, <ASText163c>, <ASText163d>, <ASText163e> and <ASText163f>.

Yes



#XCED-1796. Trade & Other Payables:

Paragraph added to disclose the measurement of Trade and Other Payables.

The default text can be amended in FRF <APTrade1b>.

Yes

Notes - Cash Flow.xlsX #XCED-1798. Cash Flow Information:

* Disclosure added for the reconciliation of cash and non-cash movements in liabilities arising from financing activities.

The values in this section do not reconcile back to the cash flow statement.

The FRF <CaFICA> must be set to ‘Yes’ for the section to print. The default disclosure heading can be amended in FRF <CaFICAH>.

Cash flow information is entered via the FRFs.

There is the ability to report on 4 different items. Each item can include the following information:

o Title <CaFICAT1 - CaFICAT4>

Yes




o Opening balance <CaFICAOB1 – CaFICAOB4> o Cash flow <CaFICACF1 – CaFICACF4> o Non-cash changes:

Description <CaFICA1d1 - CaFICA1d4, CaFICA2d1 – CaFICA2d4, CaFICA3d1 – CaFICA3d4, CaFICA4d1 – CaFICA4d4>

Amount <CaFICA1a1 - CaFICA1a4, CaFICA2a1 – CaFICA2a4, CaFICA3a1 – CaFICA3a4, CaFICA4a1 – CaFICA4a4>.

A grand total displays at the end of all the disclosed items.

For additional detail, please refer to the Appendices.

* The disclosure headings; e.g. ‘Reconciliation of cash’ have been changed to sentence case to be consistent with the other notes.

DrDeclarTrust.xlsX

ManDeclarTrust.xlsX

#XCED-1892 / #VM375314. Directors’ Declaration:

Trusts only

Enhancement to display the ‘corporate trustee name’ instead of referring to 'the trustee company' in the text of the director's declaration.

The text is controlled by FRF <DrCorpTrN>.


Yes

DeclarPship.xlsX

ManDeclarPartner.xlsX

#XCED-1908. Partners’ Declaration:

Partnerships only

Enhancement to allow for an additional five specified partners to sign where it is preferred that not all partners are required to sign.

There is now the capacity to add the partner code of up to ten partners where you require a limited number of partners to sign the partners’ declaration.

The partner codes are controlled by FRF <PNS1 - PNS10>.


Yes

MinDr.xlsX

MinDrSml.xlsX

#XCED-1907. Minutes of Meeting of Directors:

Companies only

Enhancement to exclude the Annual Statement section.

The display is controlled by FRF <MinAs1>.


Yes

SFNote 1 - AIFRS.xlsX #XCED-1788. Revenue Policy Note:

Superannuation only

The disclosure for ‘Distribution revenue’ has been updated.

Yes




The default text can be amended in FRF <APRev6>.

SFTDecNR.xlsX #XCED-1789.

Superannuation only

Three additional disclosure paragraphs have been added to the existing declaration.

No

Management Sheets

Management Reports Template has a New or Deleted FRF?

ManBSSub.xlsX #XCED-1893 / #VM388251. The fixed assets section of this balance sheet has been enhanced to allow users the option to print accounts 730 – 732 including all sub accounts, or as an alternative, switch off the sub accounts and display only the control account balances.

Where accounts 731 – 732 are used as accumulated depreciation accounts, this balance sheet has been enhanced to provide the option to print brackets with the credit accumulated depreciation balances or not.

Note: The option to display the brackets with the credit accumulated depreciation balances or not; is only applicable if the FRF <MBSSub730> is set to ‘No’.


Yes

ManDivInc&Exp.xlsX

ManDivInc&Exp1.xlsX

ManDivI&EQtr.xlsX

ManDivI&EQtrC.xlsX

#XCED-1894 / #VM377052. Added the ability to stop the Divisional Profit & Loss Statement from printing on the report.

The display is controlled by FRF < Mandivq1a>.

Note: The trading and profit & loss accounts of the first active division must be within the first three divisions, that is one group of subaccounts must be in use by the third division, which uses the subaccounts ###/240 - ###/259:

Where the trading and profit & loss accounts of the first active division are not within the first three divisions, then a blank page is printed prior to the report printing. To correct, one of the active divisions must be recoded so that at least one division occurs within the first three.

Yes

ManPLNN.xlsX #XCED-1494. The sheet has been enhanced to provide users with the option to include a section for EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation).


Yes



ManBS.xlsX #XCED-1950. To improve consistency the named cell range has been changed from “Balsheet” to “balsheet”.

No

SFFinPositionNR.xlsX

M'ment Notes - Issued Units.xlsX

#XCED-1950. To improve consistency references to the named cell has been changed from “BalSheet” to “balsheet”.

No

M'ment Notes - Beneficiaries Funds.xlsX

SFNotes - Liability Accrued Benefits.xlsX

SFNotes - Tax AIFRS.xlsX

SFNotes - Members Funds.xlsX

SFNotes - Income Tax AIFRS.xlsX

M'ment Notes - Partners Funds.xlsX

ManBeneficiaries Funds.xlsX

ManBeneficiaries 5Yr.xlsX

#XCED-1950. To improve consistency references to the named cell has been changed from “Balsheet” to “balsheet”.

No

M'ment Notes - Beneficiaries Funds.xlsX

#XCED-1953. For discretionary trusts, a ‘no best fit’ format has added to the row height of the beneficiary name from beneficiary 3 onwards.

No

M'ment Notes - Trading Statement.xlsX

#XCED-310 / #VM331035 / KB16679. Formatting fixed for a blank total row printing if there was only one line of data. No

TrialBalanceLong.xlsX

TrialBalBsheet.xlsX

#XCED-1891 / KB18571. Swinging titles for bank accounts (680 to 689) in the Current Liabilities section have been corrected.

NOTE: Alternate (swinging) titles are only recognised at control/main level. They are not recognised at subaccount level.

No

Value Add Sheets

Management Reports Template has a New or Deleted FRF?

All value add reports #XCED-1009. All value add reports have been updated to improve consistency in the margins.

No



Appendix 1: Cash Flow (Notes - Cash Flow)

The Cash Flow Note (Notes - Cash Flow) has been enhanced to provide for disclosure on the reconciliation of cash and non-cash movements in liabilities arising from financing activities.

The values in this section do not reconcile back to the cash flow statement.

Data Options The FRF <Include changes in financing liabilities from cash & non-cash flow items?> must be set to ‘Yes’ for the section to display.

The default disclosure heading can be amended in FRF <Heading: Change in fin liab from cash & non-cash items. Amend/delete as required>.

There is the ability to report on 4 different items. The information for each item is entered via the FRFs.



Sample Note Below is an example of the reconciliation of cash and non-cash movements in liabilities arising from financing activities section of the Cash Flow note with 2 of the 4 items populated.



Appendix 2: Minutes of Meeting of Directors (MinDr and MinDrSml)

The Minutes of Meeting of Directors (MinDr and MinDrSml) has been enhanced to exclude the Annual Statement section.

Financial reporting fields (FRFs) control the display on the report.

Sample Report The FRF <Do you want to include the section of annual statement? Select No to exclude> is set to ‘Yes’.

The FRF <Do you want to include the section of annual statement? Select No to exclude> is set to ‘No’.



Appendix 3: Directors’ Declaration (DrDeclarTrust and ManDeclarTrust)

The Directors’ Declaration (DrDeclarTrust and ManDeclarTrust) has been enhanced to display the ‘corporate trustee name’ instead of referring to 'the trustee company' in the text of the director's declaration.

A financial reporting fields (FRF) control the display on the report.

Sample Report The FRF <Prefer to display the corporate trustee name? If so, select 'Yes'> is set to ‘No’.

The FRF <Prefer to display the corporate trustee name? If so, select 'Yes'> is set to ‘Yes’, the ‘corporate trustee name’ instead of referring to 'the trustee company'.



Appendix 4: Partners’ Declaration (DeclarPship and ManDeclarPartner)

The Partners’ Declaration (DeclarPship and ManDeclarPartner) has been enhanced to allow for an additional five specified partners to sign where it is preferred that not all partners are required to sign.

There is now the capacity to add the partner code of up to ten partners where you require a limited number of partners to sign the partners’ declaration.

Financial reporting fields (FRF) control the display on the report.

Sample Report In this sample, not all partners are required to sign the report therefore only the names of those partners’ whose codes have been specified in the FRFs will appear on the report.



Appendix 5: Balance Sheet (ManBSSub)

The Management Balance Sheet (ManBSSub) has been enhanced to give users the option to print sub accounts balances for asset accounts 730 – 732, or to switch off the sub accounts and display only the control account balances.

The standard chart treats accounts 731 and 732 as fixed asset accounts. However where these accounts are used as accumulated depreciation accounts, the ManBSSub balance sheet has been enhanced to provide the option to print brackets with the credit accumulated depreciation balances.

NOTE: This enhancement is for ManBSSub only, where accounts 731 and 732 are treated as accumulated depreciation, the Notes – PPE will not display the movements correctly.

Financial reporting fields (FRFs) control the report format.

Sample Report

Print sub account balances for asset accounts 730 – 732

The FRF <Include sub acct balances for assets 730-732? Select No to print control accts> is set to ‘Yes’.

In this example, accounts 730 – 732 are all treated as asset accounts.



Switch off sub account balances for asset accounts 730 – 732

The FRF <Include sub acct balances for assets 730-732? Select No to print control accts> is set to ‘No’.

Where assets accounts 731 or 732 are treated as accumulated depreciation, there is the option to display accumulated depreciation balances with red brackets or to exclude the red brackets. This option is only applicable if the field mentioned above is set to ‘No’.

The FRF <Where you selected 'No' above, include brackets where 731, 732 are accum depn?> is set to ‘No’.

1. In this example, both accounts 731 & 732 are treated as accumulated depreciation accounts. ‘Less accumulated depreciation’ displays the total balance of both accounts.

2. In this example, only 731 is treated as accumulated depreciation and 732 is an asset account.



The FRF <Where you selected 'No' above, include brackets where 731, 732 are accum depn?> is set to ‘Yes

’.

1. In this example, both accounts 731 & 732 are treated as accumulated depreciation accounts. ‘Less accumulated depreciation’ displays the total balance of both accounts in brackets.

2. In this example, only 731 is treated as accumulated depreciation and 732 is an asset account. ‘Less accumulated depreciation’ displays the balance of account 731 in brackets and 732 is displayed separately.



Appendix 6: Profit and Loss Statement (ManPLNN)

The Management Profit and Loss Statement (ManPLNN.xlsx) has been enhanced to provide users with the option to include a section for EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation).

Account ranges: Amortisation (304/000, 304/002:999), Depreciation (330:339), Interest (304/001, 310, 378, 383).

Financial reporting fields (FRF) control whether the EBITDA section is printed.

Sample Report The FRF <Include a section for EBITDA? Select 'Yes' to include> must be set to ‘Yes for the EBITDA section to print.

When both <Include a section for EBITDA? Select 'Yes' to include> and <Print Amortisation, Depreciation and Interest in detail?> are set to ‘Yes’ the EBITDA section will print in detail.

Set <Print Amortisation, Depreciation and Interest in detail?> to ‘No’ to print the EBITDA section in summary.



Appendix 7: Expenses Per Unit - 5 Year (VA_PrimaryProd)

Three reports provide a breakdown of expenses per defined unit:

• Expenses per Hectare (VA_EXPPerHa5yr.xlsb) • Expenses per Kg Milk Solid (VA_EXPPerKg5yr.xlsb) • Expenses per Stock Unit (VA_EXPPerUnit5yr.xlsb)

The reports are based on the ‘VA_PrimaryProd’ tag set. They display the costs for each tag and the cost per unit over 5 years. Each report has a customisable heading and unit title.

Report Options

VA_PrimaryProd – User Defined Fields

User defined titles for all the tags can be set in the financial reporting fields.

The number of units for the 5 years can be customised. To customise values over a 5 year period, enter the units in the current year financial reporting field. Each year is separated by a comma. The first value represents the current year.

Example: 2018,2017,2016,2015,2014

Expenses Per Unit – 5 year Titles

Financial reporting fields specific to the 3 reports allow the report heading and unit title to be customised.



Sample Reports

Expenses per Hectare

Expenses per Kg Milk Solid

Kg Milk Solids is the sum of tags DairyProdIncome, DairyProdMilkFat and DairyProdMilkProtein with the option to customise using the financial reporting field <VA_PPdMilk>.



Expenses per Stock Unit

Stock Units is the sum of tags LSCloseStock and LSDairyCloseStock with the option to customise using the financial reporting field <VA_PPdStk>.

Documents

AU XCEDE SHEETS RELEASE NOTES - Reckonapsdownloads.reckon.com/reckonaps/XPA_Aus/Reckon...• Microsoft Excel 2010, Microsoft Excel 2013 and Microsoft Excel 2016 • Xcede Reporting