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When you work in consulting and you get to prepare financial statements, you will find it interesting that balancing the cash flows and balance sheet is only the beginning. Preparing the notes to the financial statements is seemingly the most demanding bit of it all.
That is why you will discover that many companies, especially those that publicly file their financial statements often hire the services of consulting firms, even if those companies have a functional finance and accounting team.
This blog post compiles for you the financial statement templates made available by the Big 4 Audit firms to aid those preparing financial statements. The big deal is the notes to the financial statements and no template can cover all the possibilities, that’s why having the four can go a long way.
The illustrative financial statements are a great way to learn how to prepare financial statements and to understand the level of disclosures required.
They are available in both interim financial statements and annual financial statements. Click the links below to download them.
Industry: For all companies, except for specific industries like Banks etc (See for specific industries after this section).
Annual financial statements
Source: Deloitte
Deloitte annual illustrative financial statements 2024 Pdf
Source: KPMG
KPMG annual illustrative financial statements 2024 Pdf
Source: EY
EY annual illustrative financial statements 2024 Pdf
Source: PwC
PwC annual illustrative financial statements 2024 Pdf
Source: Deloitte
BDO interim illustrative financial statements 2024 Pdf
Source: KPMG
KPMG interim illustrative financial statements 2024 Pdf
Source: PwC
PwC interim illustrative financial statements 2024 Pdf
Source: EY
EY interim illustrative financial statements 2024 Pdf
Industry: Financial statements for First time adopters
Source: EY
EY First time adopters annual illustrative financial statements 2019 Pdf
Financial statements for specific industries
Bank and other financial institutions
Source: Deloitte
Deloitte Good Bank annual illustrative financial statements 2024 Pdf
Source: KPMG
KPMG Bank annual illustrative financial statements 2024 Pdf
Private equity funds (Investment Fund - Equity)
Source: KPMG
KPMG Private equity funds annual illustrative financial statements 2024 Pdf
Source: EY
EY Investment funds - equity annual illustrative financial statements 2018 Pdf
Investment funds (Investment Fund - Liability)
Source: KPMG
KPMG Investment funds annual illustrative financial statements 2024 Pdf
Source: EY
EY Investment funds - liability annual illustrative financial statements 2018 Pdf
Insurers
Source: KPMG
KPMG Insurers annual illustrative financial statements 2024 Pdf
Source: EY (General Insurance)
EY Insurers annual illustrative financial statements 2023 Pdf
Source: EY (Life Insurance)
EY Life Insurers annual illustrative financial statements 2023 Pdf
Mining
Source: EY
EY Mining annual illustrative financial statements 2021 Pdf
Real Estate
Source: EY
EY Real Estate annual illustrative financial statements 2021 Pdf
Petroleum
Source: EY
EY Petroleum annual illustrative financial statements 2020 Pdf
PS: The "Source" represents the owners of the files shared above (downloaded from their public domain as made publicly available by them) and compiled in a downloadable folder here by IFRS IS EASY for your convenience and learning.
Share your experience in the comment section below about using the illustrative financial statements above. Have you ever had to use them?