Standards for NFP PBEs

If you are unsure which Standards to apply please use the decision trees below and then click on the relevant blue box which will take you to the appropriate set of Standards.

Standard for periods beginning on or before 31 March 2015

The exact suite of accounting standards that a particular NFP PBE must apply is contained in versions of Standard XRB A1 which can be accessed from the NFP PBE page: Standards for periods beginning on or before 31 March 2015.

Please note that the requirements for NFP PBEs under both of these versions of Standard XRB A1 are the same.  They require NFP PBEs to report in accordance with the NZ IFRS PBE suite of standards.  However, entities that meet the relevant criteria may apply NZ IFRS PBE (Diff Rep) or (in some cases) Old GAAP. The decision tree below provides an easy way to determine the standards applicable to an individual NFP PBE for these reporting periods.

 

Accounting Standards for Periods beginning on or after 1 April 2015

The exact suite of accounting standards that a particular NFP PBE must apply for reporting periods beginning on or after 1 April 2015 which can be accessed from the NFP PBE page: Standards for periods beginning on or before 1 April 2015. This establishes a four tier accounting standards framework for Public Sector PBEs.

The decision tree below provides an easy way to determine the tier and standards applicable to an individual NFP PBE entity for reporting for periods beginning on or after 1 April 2015.

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