Financial Reporting Handbook: For-Profit Entities 2017 New Zealand

The Chartered Accountants Australia and New Zealand have released their newest version of the Financial Reporting Handbook: For-Profit Entities 2017 New Zealand. This newly updated resource includes a complete list of all of New Zealand’s for-profit Accounting Standards and Interpretations, with standards issued as to 1 December 2016 and applicable as of 31 March 2017.

This 2017 edition contains updates on areas such as financial instruments (NZ IFRS 9), revenue from contracts with customers (NZ IFRS 15), and leases (NZ IFRS 16). The NZASB’s Reduced Disclosure Requirements have also been incorporated in and are marked by asterisks for easy identification. This version also includes the complied versions of Standards issued at 1 December 2016 (applicable at 31 March 2017) for the New Zealand equivalent to the IASB Conceptual Framework.

For any pronouncements that have been issued after 1 December 2016, you can refer to the External Reporting Board (XRB) – xrb.govt.nz.

• The New Zealand equivalent to the IASB Conceptual Framework for Financial Reporting and for-profit Accounting Standards, Interpretations and Guidance issued by the New Zealand Accounting Standards Board (NZASB) of the External Reporting Board (XRB) applicable at 31 March 2017, including the compiled versions of Standards issued to 1 December 2016
• NZ IFRS 15 Revenue from Contracts with Customers, NZ IFRS 9 Financial Instruments and NZ IFRS 16 Leases
• The NZASB’s Reduced Disclosure Requirements incorporated into the Standards and Interpretations (indicated by an asterisk)