The analysis in 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 December 2012. Information is also included for March, June and September year ends.

Entities can use this listing to identify areas that may need to be considered further as part of their close process.

While there are some new or amended accounting requirements that may impact particular entities, there are not a large number of ‘big ticket’ substantial changes to be considered from a pure accounting perspective for December 2012 annual and interim financial reporting periods. There are however a number of new Standards which entities may wish to consider for early adoption.

The information in the document below was updated on 11 December 2012 for developments to that date.

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