Financial reporting resources for for-profit entities
New Zealand has a multi-standards accounting framework which applies when financial statements are required to be prepared under legislation. Standards for for-profit entities are based on International Financial Reporting Standards (IFRSs) and standards for public benefit entities (PBEs) are based on International Public Sector Accounting Standards (IPSASs).
The following documents have been prepared to assist you in understanding the legislative framework and accounting standards applicable to for-profit entities:
NZ Illustrative financial statements
The model financial statements demonstrate the presentation and disclosure requirements of NZ IFRS Accounting Standards for the year ended 31 December 2024.
NZ Illustrative financial statements (RDR)
The reduced-disclosure model financial statements illustrate the application of the presentation and disclosure requirements under the New Zealand Equivalents to IFRS Accounting Standards – Reduced Disclosure Regime (‘NZ IFRS (RDR)’) for the year ended 31 December 2024.
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NZ IFRS RDR disclosure checklist
This checklist covers the presentation and disclosure requirements for a Tier 2 for-profit entity as of 31 December 2024.
The New Zealand financial reporting landscape – June 2024
Connecting you to New Zealand’s legislative environment and related financial reporting requirements
Global illustrative financial statements
Our global illustrative financial statements illustrate the application of the presentation and disclosure requirements of IFRSs.
Accounting Alert
Quarterly update – for-profit entities - What’s new in financial reporting?
