• Accounting Standards Publications

Accounting Standards Publications

BDO New Zealand produces the following publications to keep clients and staff informed about the latest regulatory and legislative changes, and financial reporting requirements for businesses.

Accounting Alert

September 2019 Accounting Alert
August 2019 Accounting Alert
July 2019 Accounting Alert
June 2019 Accounting Alert
May 2019 Accounting Alert
March 2019 Accounting Alert
February 2019 Accounting Alert
November 2018 Accounting Alert
October 2018 Accounting Alert
September 2018 Accounting Alert
August 2018 Accounting Alert
July 2018 Accounting Alert 
Second June Edition 2018 Accounting Alert
Mid June 2018 Accounting Alert
May 2018 Accounting Alert
April 2018 Accounting Alert
March 2018 Accounting Alert
January 2018 Accounting Alert
December 2017 Accounting Alert
November 2017 Accounting Alert
October 2017 Accounting Alert
September 2017 Accounting Alert
August 2017 Accounting Alert
July 2017 Accounting Alert
June 2017 Accounting Alert
May 2017 Accounting Alert
April 2017 Accounting Alert
March 2017 Accounting Alert
February 2017 Accounting Alert
January 2017 Accounting Alert
December 2016 Accounting Alert
November 2016 Accounting Alert
October 2016 Accounting Alert
September 2016 Accounting Alert
August 2016 Accounting Alert
July 2016 Accounting Alert
June 2016 Accounting Alert
May 2016 Accounting Alert
April 2016 Accounting Alert
March 2016 Accounting Alert
Feb 2016 Accounting Alert
Dec 2015 Accounting Alert
Nov 2015 Accounting Alert
Oct 2015 Accounting Alert
Sept 2015 Accounting Alert
Aug 2015 Accounting Alert
July 2015 Assurance Alert
June 2015 Assurance Alert
May 2015 Assurance Alert
April 2015 Assurance Alert
March 2015 Assurance Alert
Feb 2015 Assurance Alert
Jan 2015 Assurance Alert

BDO Summaries on a page

BDO compiles Summaries on a Page (SOAPs) to help readers gain a high-level overview of New Zealand Generally Accepted Accounting Practice Standards.

SOAPs have been created for Not-for-Profit Entities, Public Sector Public Benefit Entities and Not-For-Profit Public Benefit entities. Please click on the relevant links below:

For-Profit Entity Public Sector Benefit Entity Not-for-Profit Public Benefit Entities
Current Standards
(NZ IFRS)
Current Standards
(PBE Standards)
Current Standards
(PBE Standards)

 

Some things to know about our SOAPs

Although every effort has been made to provide accurate and timely information no these pages, we cannot guarantee the information will be accurate as at the date it is downloaded or that it will continue to be accurate in the future.

No one should act upon such information without appropriate professional advice after a thorough examination of the particular facts and circumstances of the situation.

The SOAPs are not a substitute reading and gaining a thorough understanding of the actual standards and interpretations.

It is intended that the SOAPs will be updated from time to time to take into account any new standards and interpretations or amendments to the standards and interpretations. Please contact your local BDO representative to enquire about updated SOAPs and for any assistance required in relation to the accounting standards.

Model Financial Statements

These illustrative financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances of any particular individual or entity.

Model financial statement have been prepared for:

For-Profit

  31 December 2018 31 December 2017
Tier 1 A Tier 1 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards A Tier 1 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards
Tier 2 A Tier 2 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards (Reduced Disclosure Regime) A Tier 2 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards (Reduced Disclosure Regime)

 

Not-for-Profit

  31 December 2018 31 December 2017
Tier 1

A Tier 1 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards

 

A Tier 1 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards

 

Tier 2

A Tier 2 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards (Reduced Disclosure Regime)

 

A Tier 2 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards (Reduced Disclosure Regime)

 


A Tier 3 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards

A Tier 4 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards

 

Global IFRS Resources

BDO’s global International Financial Reporting Standards (IFRS) group produces a range of publications and reference materials for clients and staff to keep up to date with the latest developments.

View the latest publications by category below.

Model IFRS financial statements

The following are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards.

These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances of any particular individual or entity, and do not contain any Australian-specific disclosures.

Need to Knows

Provide detailed guidance on the application of new standards or detailed analysis of the key proposals in exposure drafts issued by the International Accounting Standards Board. Need to Knows highlight the practical implications of forthcoming changes.

The latest edition of Need to Know, IFRS 15 Revenue from Contracts with Customers - IFRS v US GAAP Differences covers the differences for accounting for revenue between IFRS 15 and the US Topic 606 which apply from 1 January 2018.

Other recent editions of Need to Knows include:

IFRS 16 Leases
IFRS 9 (2014) Financial Instruments - Classification and Measurement (Apr 2015)
IFRS 9 Financial Instruments - Impairment of Financial Assets (Dec 2014)
IFRS 15 Revenue from Contracts with Customers (Aug 2014)
IFRS 9 (2010) Financial Instruments – Classification and Measurement
IFRS 10 Consolidated Financial Statements
Hedge Accounting (IFRS 9 Financial Instruments)
IFRS 11 Joint Arrangements
IFRS 13 Fair Value Measurement

View the full Need to Knows catalogue.

IFRS in Practice

This series provides guidance in addressing the practical issues when applying key aspects of IFRSs.

The latest editions include:

Other editions of IFRS in Practice include:

IFRS 11 Joint Arrangements (Feb 2016)
IAS 7 Statement of Cash Flows
Distinguishing between a business combination and an asset purchase in the extractives industry
IFRS in Practice IAS 36 Impairment of Assets
Common Errors in Financial Statements - Share-based Payment
Accounting for Commodity Loans
Accounting for convertible notes

IFRS at a Glance

These provide a high level overview of each IFRS and Interpretation.

View the full IFRS at a Glance catalogue.

 

Industry IFRS information