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Accountants Enterprise in Australia only

Under the provisions of the Corporation Act, 2001 a large company is required to furnish a Directors’ Report.

Additional information must be added to the DB.OtherReports.DirectorsReport table for disclosure relating to principal activities, dividends paid or proposed, and directors’ benefits and other text paragraphs to be incorporated for the completion of this report.

Wording in this report will automatically update for single / multiple directors depending on the number of directors entered in DB.OtherReports.Director. Directors to be listed as signatories on the Directors’ Report should set DB.OtherReports.Director.AccountsSignatory = “Yes“.

Details regarding each director as entered in DB.OtherReports.Director are also displayed in the Directors’ Report. See Directors and partners.

For large companies, the Directors’ Report can also include a reference to the Auditor’s Independence Declaration. When this reference is required to be printed, set DB.OtherReports.AuditorsIndependenceDeclaration.AuditorsIndependenceDeclared = “Yes“.

See Auditor’s independence declaration.

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Building blocks of a report

Producing financial reports

Auditor’s independence declaration

Income statement

Statement of comprehensive income

Balance sheet

Statement of financial position

Statement of changes in equity

Statement of cash flows

Statement of significant accounting policies

Notes to the financial statements

First time adoption of AIFRS

Directors' declaration

Audit report or compilation report

Other reports

Large proprietary companies

Small proprietary companies

Incorporated associations

Trusts or unit trusts

Partnerships and sole traders

Management reports

Superannuation funds