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This article applies to:

  • Product: ONESOURCE Statutory Reporting
  • Subject: Templates

Version 9 - May 2024 (template release)

Template release pack

This release focuses on the legislative content changes for the year end December 2023, along with some legislative and corrections. The template is available on platform 6.28.9259.

Release notes

Overview
The main legislative updates include amendments that take effect for annual periods starting on January 1, 2023. These updates include:
  • IFRS 17 Insurance Contracts
  • Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2
  • Definition of Accounting Estimates - Amendments to IAS 8
  • Deferred Tax related to Assets and Liabilities arising from a Single Transaction - Amendments to IAS 12
  • International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12
  • Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants - Amendments to IAS 1
  • Lease Liability in a Sale and Leaseback - Amendments to IFRS 16
  • Disclosures: Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Amendments to IFRS 10 and IAS 28
Release schedule
The template version 9 is available for download on Help and Support. For details on other template versions, please refer to the previous release notes.
Legislative
For a complete list of specific changes, refer to the document titled Canada Corporate Template (05.2024) (P 6.28.9259 C 9.0 - Content Change List (Full Version).
High-level legistative changes
Accounting reference number
Details
IFRS 17
IFRS 17 Insurance Contracts
IAS 1 and IFRS Practice Statement 2
Disclosure of accounting policies - Amendments to IAS 1 and IFRS Practice Statement 2
IAS 8
Definition of accounting estimates - Amendments to IAS 8
IAS 12
Deferred tax related to assets and liabilities arising from a single transaction - Amendments to IAS 12
IAS 12
International tax reform - Pillar Two Model Rules - Amendments to IAS 12
IAS 1
Classification of liabilities as current or non-current and non-current liabilities with covenants - Amendments to IAS 1
IFRS 16
Lease Liability in a Sale and Leaseback - Amendments to IFRS 16
IAS 7 andI FRS 7
Disclosures: Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7
IFRS 10 and IAS 28
Sale or contribution of assets between an investor and its associate or joint venture - Amendments to IFRS 10 and IAS 28
Corrections
Item ID
Title
Details and limitations
2487623
Corrected display setting before publishing
We have set the display option for
Cover Page
,
Content Page
,
Statement of Profit or Loss
, and
Statement of Financial Position
 to
Always
. This change prevents the
Unable to fetch Report Element
 error when viewing the report in the web version.
2489174
Checked all note numbers throughout report
Checked all note numbers throughout the report to ensure that they are showing correctly in all places such as paragraphs, line items, list items note columns.
Content changes
Item ID
Title
Details and limitations
2483637
Alignment Accounting Policies
Text and tables are modified and updated, regarding to 2023 Model content update.
There are 5 sub-folders added under Note 2.3 v Provision.
2483638
Alignment Significant judgements, estimates and assumptions
Text is updated, regarding to 2023 Model content update.
2483639
Alignment Revenue from contracts with customers
Addition of this new note, regarding to 2023 Model content update.
2483640
Alignment for Group information
Addition of this new note, regarding to 2023 Model content update.
2483641
Alignment for Business combinations
Addition of this new note with the modification of the existing information, regarding to 2023 Model content update.
2483642
Alignment for Partly-owned subsidiaries
Addition of this new note, regarding to 2023 Model content update.
2483643
Alignment for Investment in an associate
Addition of this new note, regarding to 2023 Model content update.
2483644
Alignment for Other income expenses and discontinued operations
Text and tables are updated, regarding to 2023 Model content update.
2483645
Alignment for Property, plant and equipment
Text and tables are updated, regarding to 2023 Model content update.
Also, there are 2 new tables built under ‘Reconciliation of carrying amount’ and ‘Net carrying amount’.
2483646
Alignment for ‘Intangible assets and goodwill’ and ‘Goodwill and intangible assets with indefinite useful lives’
Text and tables are added, updated and rearranged, regarding to 2023 Model content update.
2483647
Alignment for Financial assets and liabilities
Text and tables are added, updated and rearranged, regarding to 2023 Model content update.
2483648
Alignment for ‘Trade receivables and contract assets’ and ‘Prepayments’
Trade receivables and contract assets: Text and tables are updated, regarding to 2023 Model content update.
Prepayments: Addition of this new note, regarding to 2023 Model content update.
2483649
Alignment for Contract liabilities
Addition of this new note, regarding to 2023 Model content update.
2483650
Alignment for ‘Leases’ and ‘Pensions and other post-employment benefit plan’.
Addition of these new notes, regarding to 2023 Model content update.
2483651
Alignment for ‘Related party disclosures’ and ‘Event after the reporting period’
Related party disclosures: Text and tables are updated, regarding to 2023 Model content update.
Event after the reporting period: Addition of this new note, regarding to 2023 Model content update.
2483652
Alignment for Appendices
Addition of new 5 appendices, regarding to 2023 Model content update.
2486501
Alignment for minor changes notes
Text and tables in the following notes are updated and rearranged with minor changes, regarding to 2023 Model content update.
  • Capital management
  • Interest in a joint venture
  • Fair Value Measurement
  • Income tax
  • Investment properties
  • Inventories
  • Cash and short-term deposits
  • Issued capital and reserves
  • Distributions made and proposed
  • Provisions
  • Government grants
  • Trade and other payables
  • Share-based payments
  • Commitments and contingencies
  • Standards issued but not yet effective
2484342
Alignment for primary statements
Text tables and line items are updated in Cover page, Content page and Primary statements, regarding to 2023 Model content update.
We have removed all old categories from the Categories tables and moved them from categories folders to NLUC FY22 folders. Please note that we plan to remove NLUC FY22 folders within the next two years.
Additional information
We plan to remove the
Prior to alignment to IFRS content
 folder, which contains old content, within the next two years.
Features
No features included for this release.
XBRL
There's no XBRL for this template.

Known issues

  • If you plan to upgrade to the
    6.29 platform
    , you'll encounter a known issue where elements set to display as
    Never
    still appear in the report.
  • Grid column headers have a 60-character limit.
  • The test company we use failed to push content to the web platform successfully. We have pending fixes to implement on the web platform. This issue may affect customer files. If you encounter any problems, please contact support.

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