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Model Managed Investment Scheme Annual Report June 2011

Financial years ending on or after 30 June 2011


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Author: Avi Zaacks and Neil Brown, Assurance & Advisory

Deloitte, Model Managed Investment Scheme Annual Report June 2011The Model Managed Investment Scheme Annual Report for the financial year ending on or after 30 June 2011 has been designed by Deloitte Touche Tohmatsu to assist clients, partners and staff with the preparation of half year financial reports for a managed investment scheme in accordance with Australian Accounting Standards.

This publication is organised into three sections:

  • Section A – What’s new in financial reporting
    This section of the publication summarises key changes and topical issues for consideration in preparation of annual reports at 30 June 2011
  • Section B – Model annual report
    This section of the publication contains an illustrative annual report for a fictional managed investment scheme that presents single-entity financial statements
  • Section C – Reporting obligations
    This section of the publication provides a guide to local reporting obligations.

The Model Managed Investment Scheme Annual Report is not designed to meet all the needs of specialised managed investment schemes, rather it is intended to meet the needs of the vast majority of schemes in complying with the year end reporting requirements under Australian Accounting Standards and the Corporations Act 2001.

The 2011 annual reporting season brings minimal changes to the applicable financial reporting requirements.This 'quieter' reporting period provides an opportunity to improve and strengthen your financial reporting procedures, in readiness for the significant future changes that are expected over the coming years.

Australia’s adoption of International Financial Reporting Standards (IFRS) has increased the complexity faced by responsible entities in preparing financial reports for schemes, and there continues to be debate around the application of IFRS and Australian Accounting Standards. Where such complexities arise, we welcome your call to provide advice and assistance.

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