Model Reports

Update to disclosure on 'Prospective accounting changes'

Updated 29 July 2009

Please find below the updated table incorporating a list of standards and pronouncements that have been issued but not yet effective. This table will replace the existing table in Policy Note 1(V) of the Model Report 2009.

Model Report 2009 Updated Note 1(V) - New accouting standards and interpretations (70 kb DOC)

Updated 27 July 2009

The Model Report 2008-09 was drafted prior to the IPSASB's May 2009 meeting. It has now come to our attention from the outcome of this meeting, that entities need to be aware of some updated timelines which affect Note 1(W) 'Prospective accounting changes' on page 115 of the Model Report 2008-09. For your own entity's reporting, we suggest that you amend this disclosure to be consistent with that proposed for the WoG AFR 2009. Please update this disclosure as follows:

• For Service Concessions, please replace the sentence "The IPSASB is expected to issue an Exposure Draft....." with the following sentence: "The IPSASB intends to issue an Exposure Draft in December 2009 and a new IPSASB standard is expected during 2010."
• For Borrowing Costs, please remove the sentence that says "The IPSASB timetable is to issue a standard at its May 2009 meeting." in the second paragraph.

Supplementary note

Updated 22 June 2009

A Supplementary Note has been released, containing news of additional developments since the publication of the 2009 Model Report in March 2009. This information should be brought to the attention of anyone preparing an annual report for a government department or agency, particularly anyone reporting financial instruments.

Model Report 2009 - Supplementary information (102 kb DOC)

Model Report 2008-09

The 2008-09 Model Report for Victorian Government Departments is presented below in Word format (broken down into four parts) and in PDF format. The Model Report is provided to assist Victorian government departments and other public sector entities with the planning and preparation of disclosures in their 2009 Annual Reports.

In addition, also provided below is:

• a Summary of Changes to Model Report 2009 describing the changes applied to the Model since the 2007-08 edition; and
• an easy-to-use guide to assist users in understanding the differences between ‘transactions’ and ‘other economic flows’, as shown in the new format of the Comprehensive Operating Statement.

Model Financial Report 2008-09 (3,025 kb PDF)

Part 1 - Introduction (1,661 kb Word)
Part 2 - The Report of Operations (568 kb DOC)
Part 3 - Financial Report (3,588 kb DOC)
Part 4 - Appendices (872 kb DOC)
Summary of changes to Model Report 2009 (142 kb DOC)
Practical classification guide between transactions and other economic flows (51 kb DOC)

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