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.

The publication includes tables which outline new and revised pronouncements that either are to be applied for the first time at 31 December 2011, or which may be early adopted at that date. The information contained in the alert was updated on 12 December 2011 for developments to that date.

• IASB re-exposes the revenue recognition exposure draft
• FMA signals restrictions on the use of alternative profit measures
• New standards and current exposure drafts
• IPSASB issues standard on service concession arrangements for grantors

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 30 September 2011. Entities can use this listing to perform a check that the new requirements have been considered as part of their close process.

The publication includes tables which outline new and revised pronouncements that either are to be applied for the first time at 30 September 2011, or which may be early adopted at that date. The information contained in the alert was updated on 12 September 2011 for developments to that date.

• External Reporting Board (XRB) takes over New Zealand standard setting
• Increased transparency of interests in other entities – Five new / amended standards issued
• IASB proposes to defer the mandatory date of IFRS 9
• New IFRS on fair value measurement and disclosure requirements
• IASB plans to re-expose revenue recognition and lease accounting proposals
• Amendments to standards issued
• Current Exposure Drafts
• New Publications

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 30 June 2011. Entities can use this listing to perform a check that the new requirements have been considered as part of their close process.

The publication includes tables which outline new and revised pronouncements that either are to be applied for the first time at 30 June 2011, or which may be early adopted at that date. The information contained in the alert was updated on 14 June 2011 for developments to that date.

• Relief for some entities affected by Budget 2010 in relation to loss of tax depreciation on buildings
• Changes to financial instruments ongoing
• IFRS Practice Statement on Management Commentary
• Securities Commission – Review of Financial Reporting by Issuers (Cycle 12)
• Other topics of interest:
• Request for Views on Effective Dates and Transition Methods
• Proposed Amendments to FRS 43: Summary Financial Statements
• Exposure Draft regarding Concessionary Loans
• International public sector activity
• Revenue recognition for technology companies

• IASB developments in lease accounting, revenue recognition and insurance contracts
• Possible relief for entities affected by the NZ Budget 2010 removal of tax depreciation on buildings
• Other topics, including proposals to harmonise Australian and New Zealand equivalents of IFRS and the NZ Securities Commission review of corporate governance disclosures by selected issuers.

• Deloitte Financial Reporting Survey Series
• Back to One Income Statement
• Financial Liabilities and Own Credit Risk
• Goodbye to the Corridor Approach for Defined Benefit Plans
• Discussion Paper on Extractive Activities
• Improvements to IFRSs
• Securities Commission Cycle 11 Results
• Other Topics of Interest

• Exposure Draft Measurement of Liabilities in IAS 37
• Proposed Amendments to NZ IAS 26 for Retirement Benefit Plans
• Securities Commission Cycle 10 Results
• Other Topics of Interest

• The beginning of the end for IAS 39
• Issue of IFRS 9 Regarding Classification and Measurement of Financial Assets
• Exposure Draft Proposing a New Approach to Accounting for Credit Losses
• Amendment to IAS 24 Simplifying the Disclosure of Related Party Transactions
• Amendment to IAS 32 Regarding the Classification of Rights Issues
• Back to the Drawing Board for Some IASB Projects
• FRSB issues Amendment to NZ IFRS 8 Operating Segments
• FRSB issues Amendment to NZ IAS 34 Interim Financial Reporting - Scope
• FRSB issues Proposed Amendment to NZ IFRS 3 - Scope exemption (ED 119)
• Output from the FRSB’s joint meeting with the Australian Accounting Standards Board
• Other Topics of Interest

• Exposure Draft on Rate-Regulated Activities
• Exposure Draft on 2009 Improvements to IFRSs
• Proposed Amendment to IAS 19 regarding the Discount Rate For Employee Benefits
• Proposed Amendment to IAS 32 regarding the Classification of Rights Issues
• Draft Interpretation on Extinguishing Financial Liabilities with Equity Instruments
• Draft Discussion Paper on Extractive Activities
• Other Publications of Interest

• IASB Proposes Changes to Financial Instruments Accounting
• Discussion Paper on Credit Risk in Liability Measurement
• IASB Invites Comments on Expected Loss Model for Impairment of Financial Assets
• Exposure Draft on Income from Nonexchange Transactions
• IASB issues IFRS for SMEs
• Exposure Draft on Management Commentary
• Group Cash-settled Share-based Payment Transactions – Amendments to IFRS 2
• IPSASB Issues Proposed Improvements to Public Sector Standards

• Exposure Draft on Fair Value Measurement
• IASB Plans for Fasttracked Replacement for IAS 39
• IFRIC Agenda Statement on 'significant or prolonged'
• Prepayments of a Minimum Funding Requirement – Proposed Amendments to NZ IFRIC 14
• FRSB Proposes to Narrow the Scope of NZ IFRS 8 Operating Segments
• FRSB Proposes to Amend the Scope of NZ IAS 34 Interim Financial Reporting
• Recent Developments for PBE's

• IASB responds to G20
• Income Tax exposure draft
• Leases - Preliminary views
• Derecognition (Proposed amendments to IAS 39 and IFRS 7))
• Improvements to IFRS
• Recent developments for PBE's

• 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

• 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.