This Accounting Alert from Deloitte (New Zealand) provides an update on the proposed changes to New Zealand’s Accounting Standards Framework and also reports on a number of recent developments in financial reporting.
This publication from Deloitte (New Zealand) provides a high level overview of new and revised financial reporting requirements that need to be considered for annual and interim financial reporting periods ending on 31 March 2012.
Provides a high level overview of new and revised financial reporting requirements that need to be considered for annual and interim financial reporting periods ending on 31 December 2011. Entities can use this listing to perform a check that the new requirements have been considered as part of their close process.
This Alert discusses changes to New Zealand tax law resulting in the removal of depreciation on buildings. This special alert looks at these changes in more detail and set out the implications from a tax and accounting point of view.
Reviews all of the new and revised pronouncements that either are to be applied for the first time at 31 March 2009, or which may be early adopted at that date.
The Alert also summarises a current exposure draft that may be approved with retrospective effective dates before an entity's financial statements for 31 March 2009 are authorised for issue.
Topics discussed include:
- Revised Standards change the accounting for business combinations
- NZ IAS 32 and NZ IAS 1 amended for pttable financial instruments and obligations arising on liquidation
- Amendment of IFRS 2 Share-based Payment clarifies vesting conditions and cancellations
- Revised NZ IAS 1 changes the presentation of financial statements
- Draft interpretations address distributions of non-cash assets to owners and customer contributions
This Alert discusses five accounting proposals from the New Zealand Financial Reporting Standards Board (FRSB):
- Exposure draft proposing an interim framework for differential reporting under the NZ IFRS reporting regime.
- Exposure draft proposing an amendment to NZ IAS 36 to cater for non-cash generating assets held by public benefit entities
- Exposure draft of IFRIC 3 on accounting for 'cap and trade' schemes for emission rights
- IFRIC Draft Interpretation D10 on accounting for the liability that arises in relation to new legislation in Europe for waste electrical equipment
- IFRIC Draft Interpretation D11 on applying IFRS 2 to certain changes in employee share purchase plans.
The September 2004 Alert summarises recent exposure drafts issued by the Financial Reporting Standards Board as part of the convergence process with International Financial Reporting Standards.
Also included is an overview of a discussion paper Preliminary Views on Accounting Standards for Small and Medium-sized Entities and a list of the latest New Zealand Pending Accounting Standards.
Four recent New Zealand exposure drafts, that address employee benefit plans, consolidated and separate financial statements, special purpose entities, government grants, and the fair value option for financial instruments.
This Accounting Alert provides an overview of ED NZ IAS-32 and ED NZ IAS-39 and some action points to consider in relation to these standards on first time adoption of NZ International Financial Reporting Standards.
