NZ IFRS 18 Presentation and Disclosure in Financial Statements
NZ IFRS 18 Presentation and Disclosure in Financial Statements
The New Zealand Accounting Standards Board has issued NZ IFRS 18 Presentation and Disclosure in Financial Statements, which is effective for periods beginning on or after 1 January 2027 (with early adoption permitted).
As discussed in last month’s article, this new standard will replace NZ IAS 1 Presentation of Financial Statements and will introduce a number of new disclosure and presentation requirements, including mandatory sub-totals in your statements of profit or loss.
The External Reporting Board is running a 'Need to Know' webinar that will have a spotlight on NZ IFRS 18 on Wednesday 5, June from 11:30am for an hour. You can register for this webinar here.
The International Accounting Standards Board has also released a webinar series to assist preparers with the new requirements in IFRS 18 Presentation and Disclosure in Financial Statements as well as other educational material which can be accessed here.
Please contact our IFRS® Advisory team if you require assistance with assessing the requirements of NZ IFRS 18 on your reporting systems and processes and financial systems themselves.
For more on the above, please contact your local BDO representative.
As discussed in last month’s article, this new standard will replace NZ IAS 1 Presentation of Financial Statements and will introduce a number of new disclosure and presentation requirements, including mandatory sub-totals in your statements of profit or loss.
The External Reporting Board is running a 'Need to Know' webinar that will have a spotlight on NZ IFRS 18 on Wednesday 5, June from 11:30am for an hour. You can register for this webinar here.
The International Accounting Standards Board has also released a webinar series to assist preparers with the new requirements in IFRS 18 Presentation and Disclosure in Financial Statements as well as other educational material which can be accessed here.
Please contact our IFRS® Advisory team if you require assistance with assessing the requirements of NZ IFRS 18 on your reporting systems and processes and financial systems themselves.
For more on the above, please contact your local BDO representative.