FINANCIAL REPORTING INSIGHTS
Our September 2023 edition of Financial Reporting Insights keeps you up to date with the latest New Zealand and global developments in financial and sustainability reporting.
Attention Incorporated Societies: registration under the Incorporated Societies Act 2022 opens on 5 October 2023. Are you ready for transition and need to prepare financial statements?
Just when you thought the big changes to financial reporting were over, the IASB is about to release a new standard that will significantly change the presentation requirements of IFRS Accounting Standards.
In a business combination, the acquirer needs to take care when an acquire has a lease restoration provision.
Month-to-month leases and undocumented leases often have an enforceable period and lease term longer than twelve months, which means they must be capitalised on the statement of financial position.
How do you account for foreign currency transactions and balances when the foreign currency in not exchangeable with your functional currency?
Although the New Zealand Climate-Related Disclosures (CRD) regime only scopes in certain entities for climate reporting in New Zealand, requirements of other jurisdictions may also scope in New Zealand entities for climate reporting.
For all head contractors who hold retention monies in commercial construction contracts please note that the Construction Contracts (Retention Money) Amendment Act 2023 (the Act) is now effective.
Recent amendments to IAS 12 Income Taxes impact the way entities account for and disclose deferred taxes relating to the OECD’s Pillar Two ‘top-up’ taxes. Find out what this means for your 30 June 2023 interim and annual financial statements.
For those that missed it, the External Reporting Board (XRB) have made available a recording of their latest Need to Know Series – Accounting for-profit webinar detailing updates in the Tier 1 and Tier 2 for-profit accounting standards space.
There have been many recent developments in the world of climate reporting. Do you know what framework(s) applies to you?
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