Release Notes
APS NZ Xcede Sheets and
Templates
April 2020
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 2 of 52
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Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 3 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 4 of 52
Significant 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 5 of 52
Before 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
Reference
Title/Description
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 6 of 52
Pre-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 7 of 52
Retiring 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. <FirstYear>.
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 8 of 52
Section 1: Xcede Sheets
Amended Sheets
Amended Sheet Xcede / KB
Ref #
Summary of Change
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
KA-02277
XCED-3132
✓ In the 2019 there was a correction made to improve
the consistency in row heights on the Directory
(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 9 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
KA-03301
XCED-3433
Income Statements
2IncomeStatement KA-01908
CAS-9753
XCED-3230
✓ Pagination issue where a blank page was printing at
the end of the Income Statement has been
resolved.
2Division_IncomeStatement KA-01897
CAS-09246
XCED-2924
✓ The total text was incorrectly reporting “Loss
(Profit)” when there was a loss in the current year.
This has been corrected to “(Loss) Profit”.
2Division_Cashflow13P
2Division_IncomeStatement
2Division_IncomeStatement13P
2Division_IncomeStmt_Mgmt
2Division_IncomeStmt_Mgmt_L
KA-01397
CAS-01571
XCED-2542
✓ Reports amended to be consistent with
2IncomeStatement and 2Consol_IncomeStatement
If there is no revenue, the expense heading will
print without the "Less".
Statement of Changes in Equity
2EqvtMvmt KA-01896
CAS-09227
XCED-2923
✓ 2EqvtMvmt amended for a Sole Trader so that
where the Contribution and Distributions are set to
show detail; a line is displayed for each account.
Balance Sheets
BalanceSheet
2BalanceSheet_WC
XCED-2921 ✓ Pagination issue where a blank page was printing at
the end of the Balance Sheet has been resolved.
BalanceSheet
2BalanceSheet_WC
XCED-3309
XCED-3310 • Added the ability to print Other Non-Current
Assets (accounts 876:879) and Other Non-
Current Liabilities (accounts 985:989) in detail
or as a cumulative amount.
FRFs that control the display:
Other Non-Current Assets <OthNCADet>
Other Non-Current Liabilities <OthNCLDet>.
BalanceSheet
2BalanceSheet_WC
CAS-17592
XCED-3299
✓ Part of the word "Date _________________" was
being cut off in the directors signing section of the
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 10 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
shortening the “________________" by 1 space.
BalanceSheet
2BalanceSheet_WC
XCED-3473 • Note call added for the new Leases note.
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
KA-03755
XCED-3679
✓ The Debit and Credit expected sign has been added
to the sheet to prevent balances from displaying
incorrectly where the Chart Of Account expected
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. <N-LeaLLC>, <N-
LeaLLNC>.
i.e. Balance Sheet liability does not include a
Hire Purchase liability.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 11 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
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 <N-ImpPrint>. 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
KA-02290
XCED-3144
✓ The style for user defined field <N-Intang> has been
corrected.
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 were <0. This
has been amended to <>0.
2n-NCA_Investments CAS-12727
KA-02400
XCED-3199
✓ Pagination improved to prevent a page break in the
middle of the note where there is a list of term
investments.
2n-NCA_Investments XCED-3339 ✓ The skinny row was not printing above the grand
total if the last investment was a main account.
2n-Policy XCED-2281 • Revenue Recognition - Other Sources policy:
ability to define an account code and if there is
a value, the practice default policy will print.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 12 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
• 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 <PC-
RevCod3> and <PC-RevUs3>.
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
KA-02693
XCED-3272
✓ Where there are no significant transactions, the
note no longer refers to last year if the ledger is set
up as a first year of trading <FirstYear>.
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 13 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
2n-Unsecured_TL
2n-Secured_TL
CAS-11047
KA-01996
XCED-2964
✓ #value printed at the end of the Unsecured Term
Loans note where account 982 had sub accounts
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
2n-Capital_Commitments
2n-Contingent_Liab
2n-Related_Party
CAS-11347
KA-02193
XCED-3064
XCED-3323
• Referencing of the comparative year's “Nil”
value is now consistent.
2n-HirePurchase
2n-NZIFRSFinanceIncandExp
XCED-3473 • Names added to the cell that returns the note
number enabling these notes to be referenced
in the new Leases note (2n-Leases).
2n-FinAssetFinLiab
2n-NZIFRSRevCWC
2n-Policy: Revenue Recognition
policy
2n-Policy: Financial Instruments
2n-Receivables
XCED-2280 • FRF label changes, refer to Label Changes
Transitional default text can only be applied by
NFPS - default text has not been updated for
NFPs. Where an NFP early adopts, enter
customised text into the Transition FRFs.
Refer to Appendix 5
Minutes and Subvention Payments
2Co_DirectorResolution
2Co_DirectorsDivRec
2Co_Subvention
XCED-3076 • Where the company does not have a
constitution, signing of the minutes is in
accordance with the Companies Act.
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
<GenConst> is set to No.
2Co_Subvention XCED-3355 ✓ The sheet was incorrectly referring to FRF
<DirectRes> to determine if the first paragraph is
customised. Amended to refer to <SubvenPay>.
Value Add Reports
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 14 of 52
Amended Sheet Xcede / KB
Ref #
Summary of Change
VA_BalanceSheet5Year CAS-10978
KA01991
XCED-2962
✓ Out of balance error caused by incorrect
subtotalling on a partnership ledger has been
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
KA-02277
XCED-3132
• New style; “Directory Heading”.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 15 of 52
Deleted 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
Notes – Placeholder2
Placeholder notes Refer to Appendix 3. Placeholder Notes (Notes -
Placeholder1 - Notes – Placeholder2)
2DepnNZLeased Leased Assets Depreciation
Schedule
Landscape depreciation schedule displaying only leased
assets.
2DepnNZLeased-P Leased Assets Depreciation
Schedule
Portrait depreciation schedule displaying only leased
assets.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 16 of 52
Section 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
RECKON APS XPA DIVISIONAL
RECKON APS XPA LIVESTOCK DIVISION
RECKON APS XPA NZIFRS CODING
RECKON APS XPA PARTNERSHIP
RECKON APS XPA RENTAL PROPERTY
RECKON APS XPA SOLE TRADER
RECKON APS XPA TAG SET TEMPLATE
RECKON APS XPA TRUST
RECKON APS XPA MASTER
APS NZ COMPANY
APS NZ DIVISIONAL
APS NZ LIVESTOCK DIVISION
APS NZ NZIFRS CODING
APS NZ PARTNERSHIP
APS NZ RENTAL PROPERTY
APS NZ SOLE TRADER
APS NZ TAG SET TEMPLATE
APS NZ TRUST
APS NZ MASTER 2020
APS XPA Company Template
APS XPA Divisionalised P&L
Chart
APS XPA Divisional Livestock
Template
APS XPA NZIFRS Chart
APS XPA Partnership Template
APS XPA Rental Properties Chart
APS XPA Sole Trader Template
APS XPA Tag Set Template
APS XPA Trust Template
APS XPA Master Chart 2020
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 17 of 52
Jobstreams
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
03_FinalP
04_FinalT
05_FinalS
06_FarmC
07_FarmP
08_FarmT
09_FarmS
10_DivFarm
11_Div Inc
21_IFRS_FC
30_MGMT
31_MGMTDIV
40_NFP3
41_NFP4
XCED-2786
2Index been replaced with 2Index_JobOrder.
2Index_JobOrder has been repositioned to after the
Flysheet and has been defined as the Index Sheet in the
jobstream details.
When 2Index_JobOrder is added to a custom
jobstream, define it as an Index sheet.
All jobstreams XCED-3344 2Style has been removed from the jobstreams.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 18 of 52
Financial 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
… Leases - user defined paragraph
Right-of-Use Assets - customise section heading or stop print
… Right-of-Use Assets - user defined paragraph
Lease Liabilities - customise section heading or stop print
… Lease Liabilities: Future Cash Outflow - user defined
paragraph
Non Liab Lease Payment - customise section heading or stop
… Non Liab Lease Payments - user defined paragraph
Additional P&L or Cashflow Info - customise section heading
or stop print
… Additional P&L or Cashflow Info - user defined paragraph
Sale and Leaseback - customise section heading or stop print
… Sale and Leaseback - user defined paragraph
N-LeaH
… N-LeaUD5
N-LeaRUH
… N-LeaRUUD
N-LeaLLH
… N-LeaFLCUD
N-LeaLPH
… N-LeaLPUD5
N-LeaAIH
… N-LeaAIUD2
N-LeaSLH
… N-LeaSLUD
Placeholder Notes Placeholder note 1 - number of pages
Placeholder note 2 - number of pages
N-PSPages1
N-PSPages2
Depreciation Schedule
Depreciation Schedule User defined report heading for Leased Asset Depr Schedule -
integrated calc
H-LGLDepn
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 19 of 52
New 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
… User defined Source of Funds Item - Amount 5
FundDet7
… FundNum9
Other Application of Funds User defined Application of Funds Item - Title 3
… User defined Application of Funds Item - Amount 5
FundDet10
…
FundNum12
Value Adds
VA_Snapshot Print Trade Revenue and Trade Expenses tiles?
Show Revenue (Gross Profit) to exclude Other Income and
Other Revenue?
Gross Profit tile title – customise
Gross Profit tile title – customise
Show Operating Profit excluding Depreciation?
Show Operating Profit excluding Interest?
Show Operating Profit excluding Owners' Remuneration?
Show Operating Profit excluding Taxation?
VA_SSTrRE
VA_SSGPOI
VA_SSGPTit
VA_SSOPTit
VA_SSOPDep
VA_SSTOPIn
VA_SSOPOR
VA_SSOPTax
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 20 of 52
New 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
… AI 2015: subsection 3 - paragraph
NZ IFRS 16 Leases - title or stop print
… Leased Assets: subsection - paragraph
NZ IAS 28 amendments - title or stop print
… NZ IFRIC 23 - paragraph 2
Material Definition - title or stop print
… Material - paragraph 2
2018 Omnibus Tier 3 and Tier 4 PBE Accounting Requirements - title or stop print
… PBE 2018 Omnibus: subsection 3 - paragraph
2017 Omnibus Amendments to NZ IFRS - title or stop print
… NZIFRS 2017 Omnibus: paragraph 2
2018 Omnibus Amendments to PBE Stds - title or stop print
… PBE 2018 Omnibus: paragraph 3
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.
PC-ER201T
… PC-ER201P3
PC-ER202T
… PC-ER202S1
PC-ER203T
… PC-ER204P2
PC-ER205T
… PC-ER205P2
PC-ER206T
… PC-ER206P3
PC-ER207T
… PC-ER207P2
PC-ER208T
… PC-ER208P3
Policy Contents – Specific
Lease: print alternate note (enter NZIFRS or SP)
Lease NZIFRS – customise title or stop print
… Lease NZIFRS: additional policy content
PC-LsAlt
PC-Ls16
… PC-Ls16UD2
Revenue Recognition / OS: User defined policy 3 - account code(s)
… Revenue Recognition / OS: User defined policy 3 for specific account code(s)
PC-RevCod3
… PC-RevUs3
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 21 of 52
Label Description Code
SJ: Leases - user defined – title
… SJ: Leases - user defined – content
SJ: EU: Leases - user defined – title
… SJ: EU: Leases - user defined – content
PC-CriJuT8
… PCCriJuP8i
PC-EstUcT4
… 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
Note (FP1, FP2, NFP1, NFP2)
Right-of-use assets - section heading or stop print
… Right-of-use assets - user defined amount 2
N-FAFPRU
… N-FAFPRUA2
2n-HirePurchase
Finance Lease and Hire
Purchase Note
Lease Note paragraph - customise or stop print
Lease Note - user defined field for further information
N-LeaseP
N-Lease
2n-Imputation_Credits
Imputation Credits Note Force ICA note to print?
Reference to "Imputation" – customise
Summarised ICA note sentence - customise
N-ImpPrint
N-ImpRef
N-ImpSumP
2n-ImpactChangePol
Impact of Change in Policy
Note
Acc Std 1: Intro paragraph - customise or stop print
Acc Std 1 BS: Intro paragraph - customise or stop print
Acc Std 1 BS: Provide reconciliation for balance sheet items
… Acc Std 1 BS: Rec: user defined paragraph
N-AS1CBSP1
N-AS1CBSP2
N-AS1CBSP3
…N-AS1CBSP9
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 22 of 52
Group Description Change
Section Old Group Description New Group Description
Notes to the Financial Statements Policy Contents - Specific: Fin Inst: FPs
prior 1/1/2018 or NFPs
Policy Contents - Specific Fin Inst
prior 1/1/2019 (NFP only)
Version Change
Section Group Old Financial Reporting Field
Code
New Financial Reporting Field Code
General General -
General
Release8
Data: April 2019
Release9
Data: April 2020
Label Changes
Group Old Label New Label Code
Notes to the Financial Statements
Policy Contents - Specific Finance Lease - customise or
stop print
Lease SP (Finance) -
customise or stop print
PC-LsFin
Policy Contents - Specific Finance Lease: Detail Asset
Groups with any Leased Assets
Lease SP (Finance): detail
asset groups with any leased
assets
PC-LsAsset
Policy Contents - Specific Operating Lease - customise or
stop print
Lease SP (Operating) -
customise or stop print
PC-LsOpe
Policy Contents - Specific FI NZIFRS: CIM (Transition) -
customise or stop print
FI NZIFRS: CIM (NFP
Transition) - customise or
stop print - para
PC-FICIMTr
Policy Contents - Specific FI NZIFRS: CFL (Transition) -
customise or stop print - para
FI NZIFRS: CFL (NFP
Transition) - customise or
stop print - para
PC-FICFLTr
Policy Contents - Specific FI NZIFRS: DHA (Transition) -
customise or stop print - para
FI NZIFRS: DHA (NFP
Transition) - customise or
stop print - para
PC-FIDHATr
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 23 of 52
Group Old Label New Label Code
Policy Contents - Specific Revenue Recognition NZIFRS
Transition (CWC) - customise or
stop print
Revenue Recognition
NZIFRS NFP Transition
(CWC) - customise or stop
PC-CWCTUD1
Policy Contents - Specific RevRec CWC: Transition - has
Retained Earnings been
adjusted?
RevRec CWC: NFP Transition
- has Retained Earnings
been adjusted?
PC-CWCRE
Policy Contents - Specific RevRec CWC: Transition - has the
Cumulative Effect Method (CEF)
been used?
RevRec CWC: NFP Transition
- has the Cumulative Effect
Method (CEF) been used?
PC-CWCCE
Policy Contents - Specific RevRec CWC: Transition -
customise or stop print - para 1
RevRec CWC: NFP Transition
- customise or stop print -
para 1
PC-CWCTr1
Policy Contents - Specific RevRec CWC: Transition -
customise or stop print - para 2
(CEF only)
RevRec CWC: NFP Transition
- customise or stop print -
para 2 (CEF only)
PC-CWCTr2
Policy Contents - Specific RevRec CWC: Transition -
additional policy - para 2
RevRec CWC: NFP Transition
- additional policy - para 2
PC-CWCTUD2
Policy Contents - Specific Fin Inst prior
1/1/2019 (NFP only)
Fin Instruments NZIFRS (FI: FP
transition, NFP) - customise title
or stop print
Fin Instruments NZIFRS (NFP
only) - customise title or
stop print
PC-FITran
Current Assets - Receivables CA - Transition para (NZIFRS
only) - customise or stop print
CA - NZIFRS NFP Transition -
customise or stop print
N-CARecT
Financial Assets and Financial Liabilities
Note
FP and start date earlier than
1/1/2019; or NFP - hide
comparative balances?
NZIFRS NFP Transition - hide
comparative balances?
N-FINComp
NZIFRS – Revenue from Contracts with
Customers Note
FP and start date earlier than
1/1/2019; or NFP - hide
comparative balances?
NZIFRS NFP Transition - hide
comparative balances
N-CWCComp
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 24 of 52
Deleted Fields
Section Group Label Description Code Sheet Affected
Notes to the
Financial
Statements
NZ IFRS Changes in
Accounting Policies
All FRFs relating to last year’s
New and Effective Standards
PC-ER191T
…. PC-ER198P2
2n-Policy
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 25 of 52
APPENDICES
Appendix 1. New or Amended Accounting Standards
Where Policy test <PT-Har> 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 26 of 52
NOTE: 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 27 of 52
Appendix 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 28 of 52
3. 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 29 of 52
New 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>.
• < 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 30 of 52
Sample Output
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 31 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 32 of 52
Right-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 33 of 52
Leases 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 <SP-Lease> 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
Additional user defined information
<N-LeaH>
<N-LeaUD1> … <N-LeaUD3>
<N-LeaLAP>
N-LeaLAH1… <N-LeaLA4A4>
<N-LeaUD4> … <N-LeaUD5>
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 34 of 52
Section Section Breakdown Accounts / FRFs
Right-of-Use
Asset
Customise section heading “Right-of-Use
Assets” or stop print section
Table to disclose:
• Default paragraph
• Option to print leased assets in detail
or group totals only (integrated assets
only)
• 3 defined columns: Additions,
Depreciation and Carrying Amount
• Two user defined ROU assets (can be
used where the asset ledger is non-
integrated)
Additional user defined information
< N-LeaRUH>
< N-LeaRUP>
<N-LeaRUT>
Integrated asset ledger; where
individual assets have been
flagged as Leased Assets.
Refer to Adding Right-of-Use
Assets to the Integrated Asset
Ledger
<N-LeaRUD1> … <N-LeaRUC2>
< N-LeaRUUD>
Lease Liabilities Customise section heading “Lease Liabilities”
or stop print section
Table to disclose:
• Current lease liabilities
• Non-current lease liabilities
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
<N-LeaLLH>
<N-LeaLLP1>
Balance Sheet: Current portion of
Lease & HP Liabilities less <N-
LeaLLC> Reduction for current HP portion
Balance Sheet: Non-current Lease
& HP Liabilities less <N-LeaLLNC>
Reduction for Non-Current HP portion
<N-LeaLLP2>
<N-LeaLLUD>
<N-LeaFLP>
<N-LeaFLT> … <N-LeaFL2A4>
<N-LeaFLUD>
<N-LeaFLCP>
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 35 of 52
Section Section Breakdown Accounts / FRFs
Table for additional information on future
cash outflows:
• 2 rows of detail
Future cash outflows additional user defined
information
<N-LeaFLCT> … <N-LeaFLC2A>
<N-LeaFLCUD>
Lease Payments
not Recognised
as a Liability
Customise section heading or stop print
section
Default paragraph
Table for lease payments not recognised as a
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
<N-LeaLPH>
< N-LeaLPP1>
< N-LeaLPP2>
<N-LeaLPT> … <N-LeaLP3A>
<N-LeaLPP3> … <N-LeaLPCA>
<N-LeaLPUD1> … <N-LeaLPUD5>
Additional Profit
or Loss and Cash
Flow Information
Customise section heading or stop print
section
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
<N-LeaAIH>
<N-LeaAIUD1>
<N-LeaAIT> … <N-LeaAI3A>
<N-LeaAIP>
<N-LeaAIUD2>
Sale and
Leaseback
Transactions
Customise section heading or stop print
section
Default paragraph for sale and leaseback
transactions
Additional user defined information
<N-LeaSLH>
<N-LeaSLP>
<N-LeaSLUD>
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 36 of 52
Sample 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 37 of 52
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 38 of 52
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 39 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 <N-LeaseP>:
“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 <HpDetail> 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 <N-LeaLLC> or <N-LeaLLNC>:
• 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 <SP-OpLease >, where the
‘Leases ‘note is printed.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 40 of 52
Impact 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 41 of 52
Sample Output
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 42 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 <H-LGLDepn>.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 43 of 52
Appendix 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 44 of 52
Appendix 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 45 of 52
Trade 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 <VA_SSGPOI>.
The title will adjust according to the selection and can be customised using FRF < VA_SSGPTit>.
= Trade Revenue – COGs (<VA_SSGPOI> set to Yes)
= Total Revenue – COGs (<VA_SSGPOI> 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 <VA_SSOPDep>
• Interest <VA_SSTOPIn>
• Taxes <VA_SSOPTax>
• Owners Remuneration <VA_SSOPOR>.
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 <VA_SSOPTit>.
= 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
• <VA_SSGPOI> set to NO = Total Revenue
• <VA_SSGPOI> set to YES = Trade Revenue.
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 46 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)
• <VA_SSGPOI> set to NO = Total Revenue
• <VA_SSGPOI> 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
• <VA_SSGPOI> set to NO = Total Revenue
• <VA_SSGPOI> 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 47 of 52
Inventory 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 48 of 52
Release Notes | APS NZ Xcede Sheets and Templates - April 2020 | Page 49 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 <start
date>.
The policy stop print is <PC-FINZIfr>
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 50 of 52
Policy 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 <start date>.
The policy stop print is <PC-FITran>
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 51 of 52
Receivables note (2n-Receivables)
Revenue from Contract with Customers Note (2n-NZIFRSRevCWC)