FINANCIAL REPORTING INSIGHTS
Our September 2023 edition of Financial Reporting Insights keeps you up to date with the latest New Zealand and global developments in financial and sustainability reporting.
Incorporated Societies – Its almost time to apply for registration under the Incorporated Societies Act 2022 and get ready for financial reporting
Attention Incorporated Societies: registration under the Incorporated Societies Act 2022 opens on 5 October 2023. Are you ready for transition and need to prepare financial statements?
Big changes on the way for Tier 1 and Tier 2 for profits’ primary financial statements’ presentation
Just when you thought the big changes to financial reporting were over, the IAS is about to release a new standards that will significantly change the presentation requirements of IFRS Accounting Standards.
How does the acquirer in a business combination account for the acquiree’s lease restoration provisions?
In a business combination, the acquirer needs to take care when an acquire has a lease restoration provision.
Month-to-month leases are not always short-term leases
Month-to-month leases and undocumented leases often have an enforceable period and lease term longer than twelve months, which means they must be capitalised on the statement of financial position.
How to determine the exchange rate when a currency is not exchangeable into another currency
How do you account for foreign currency transactions and balances when the foreign currency in not exchangeable with your functional currency?
Head of IFRS Advisory Director
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