Cheat Sheet Series | IFRS Advisory | BDO NZ

Publications and thought leadership

The role of BDO’s IFRS Advisory requires us to be on the cutting edge of accounting challenges.

Due to our experience and constant learning, we’re always accumulating various insights and thought leadership positions on these challenges.

As part of our ongoing service to current and prospective clients, we have summarised a number of these into our “Cheat Sheet” series and Accounting Alert articles.

Please click on the library below to access these publications currently issued by BDO’s IFRS Advisory team.

We hope you find these valuable. If you have any questions, please get in contact.

These publications have been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. These publications cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact your respective BDO member firm to discuss these matters in the context of your particular circumstances.

Publications

Cheat sheets

1. New "Big Three" Accounting Standards (NZ IFRS, 9, NZ IFRS 15, NZ IFRS 16)

2. Nitty gritty of the new lease standard (NZ IFRS 16)

3. Important Changes to Over-Time Revenue Recognition (NZ IFRS 15)

4.Treatment of borrowing costs when revenue is recognised over-time (NZ IFRS 15, NZ IAS 23)

5. Adopting the New Lease Standard (NZ IFRS 16)

6. Applying Discount Rates under the New Lease Standard (NZ IFRS 16)

7. Getting Ready for NZ IFRS 16 (Leases)

8. Complexities with Property Leases (NZ IFRS 16)

9. Ensuring your lease population is complete (NZ IFRS 16)

10. Methods and Options to Adopting IFRS 16

11. Bank Covenants: Understanding the impact imposed by the new accounting for leases (NZ IFRS 16)

12. COVID-19: Potential financial reporting Impacts

13. Accounting for Leases Acquired in a Business Combination ( NZ IFRS 16)

14. Impairment Testing: COVID-19 and leases (NZ IFRS 16)

15. Manufactured inventories: Impacts of the new lease standard (NZ IFRS 16)

16. Accounting for sub-leases under the new lease accounting standard (NZ IFRS 16)

17. COVID-19 related lease payment changes (NZ IFRS 16)

18. Subsequent changes in leases (NZ IFRS 16)

19. Adopting NZ IFRS or NZ IFRS (RDR) for the first time (NZ IFRS 1)

20. Current vs Non-current classification of liabilities (NZ IAS 1)

21. Adopting NZ IFRS or NZ IFRS (RDR) for the first time from CAANZ SPFR (NZ IFRS 1)

22. Accounting Records and Documentation

23. Adopting NZ IFRS or NZ IFRS (RDR) for the first time from general (non-CAANZ) SPFR

24. Accounting considerations for new Sick Leave Entitlements (NZ IAS 19)

25. Software Implementation Services provided by Vendors to Customers (NZ IAS 38) (NZ IFRS 15)

26. COVID-19: August 2021 Potential Financial Reporting Impacts

Accounting Alerts

27. How to account for reverse factoring/supply chain financing arrangements (NZ IFRS 9, NZ IAS 1)

28. When is the acquisition of a business accounted for as a business combination? (NZ IFRS 3)

29. Accounting for business combinations – the acquisition method (NZ IFRS 3)

30. Accounting for impairment of assets (NZ IAS 36)

31. Accounting for make-good and restoration provisions (NZ IAS 37)

32. Accounting for share-based payments (NZ IFRS 2)

33. Accounting for foreign exchange transactions (NZ IAS 21)

34. Disclosing related party transactions (NZ IAS 24)

35. Impairment testing – unit of account for lease “Right-of-use assets” (NZ IAS 36)

36. Impacts to various financial reporting areas from increases in interest rates

37. Changes to “Sale-and-leaseback” accounting (NZ IFRS 16)

38. New rules for classifying liabilities as “current” or non-current” (NZ IAS 1)

39. Accounting in times of uncertainty: Financial reporting impacts – extreme weather events

40. Accounting Records now formally (back) under the microscope

41. Impact of rising interest rates on lease accounting (NZ IFRS 16)

James Lindsay Head of IFRS Advisory Director Auckland CBD

Chris Neves, Audit & Assurance Partner

Chris Neves Audit & Assurance Partner Auckland CBD

Head of IFRS Advisory Director

Auckland CBD

Chris Neves, Audit & Assurance Partner

Audit & Assurance Partner

Auckland CBD