Accounting Alerts

25 March 2025

Upcoming events 

• Need-to-know webinar – for-profit entities – Tuesday 8 April 2025 12:30pm-1:30pm – register here.

  • Covering recently issued and upcoming standards and amendments

  • Spotlight on NZ IFRS 18 Presentation and Disclosure in Financial Statements.

Upcoming New Zealand Accounting Standards Board (NZASB) meeting

• Next NZASB meeting is on Thursday 10 April – register to observe.   

  Key topics for discussion include: 

  • Amendments to for-profit domestic accounting standards due to NZ IFRS 18 

  • Contracts referencing nature-dependent electricity – Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures

  • Amendments to XRB A1 Application of Accounting Standards Framework

  • PBE IPSAS 50 Exploration and Evaluation of Mineral Resources

     

Open consultations 

• RDR Concessions – NZ IFRS 18 Presentation and Disclosure in Financial Statements – closes Thursday 29 May 2025. 

   

Recent amending standard 

• RDR Concessions – Amendments to the Classification and Measurement of Financial Instruments – mandatory for periods beginning on or after 1 January 2026. 

   

In case you missed it 

• Sign up to our new NZ IFRS 18 monthly updates here.

• Listen to the panel discussion on public sector performance reporting that the XRB recently hosted with the Victoria University of Wellington here.