Financial reporting resources for for-profit entities
New Zealand has a multi-standards accounting framework which applies when financial statements are required to be prepared under legislation. Standards for for-profit entities are based on International Financial Reporting Standards (IFRSs) and standards for public benefit entities (PBEs) are based on International Public Sector Accounting Standards (IPSASs).
The following documents have been prepared to assist you in understanding the legislative framework and accounting standards applicable to for-profit entities:
The New Zealand financial reporting landscape - May 2016
A summary of the legislative and accounting standards requirements for New Zealand entities
NZ IFRS (RDR) disclosure checklist (Tier 2 entities).
For reporting periods ending 31 March 2016
Keeping up to date with the various presentation and disclosure requirements of the New Zealand International Financial Reporting Standards Reduced Disclosure Regime (NZ IFRS (RDR)) is, and will continue to be, a challenge. With that in mind, this checklist has been designed by Deloitte to assist clients, partners and staff with the preparation of annual financial statements.
This checklist can be used by Tier 2 for-profit entities to identify the required NZ IFRS (RDR) disclosures for a 31 March 2016 balance date.
Quarterly update – For-profit entities - What’s new in financial reporting?
Staying on top of financial reporting developmentsopen in new window Find out more