Standards for Not-for-profit Entities After 1 April 2015

This page contains the accounting standards and other pronouncements to be applied by not-for-profit public benefit entities (NFPs) preparing general purpose financial reports for periods beginning on or after 1 April 2015. The Accounting Standards and other pronouncements for periods beginning on or before 31 March 2015 are on a different page.

The page contains:

Accounting Standards and Other Documents for Tier 1 and Tier 2

Accounting Standards for Tier 1 and Tier 2

Standard Title Issued Date compiled to Effective Date Mark ups
The Effective Date of a standard indicates the annual reporting period from which that standard applies. A standard also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard.
XRB A1 Application of the Accounting Standards Framework Dec 2015 1 Jan 2016
XRB A1 (FP Entities + PS PBEs + NFPs - FP T3 + T4 Update) Accounting Standards Framework (For-profit Entities plus Public Sector Public Benefit Entities plus Not-for-profit Entities minus For-profit Tier 3 and Tier 4 Update) (XRB A1 (FP Entities + PS PBEs + NFPs – FP Tier 3 and Tier 4 Update)) Mar 2015 1 Apr 2015
XRB A1 (FP Entities + PS PBEs + NFPs Update)

Accounting Standards Framework (For-profit Entities plus Public Sector Public Benefit Entities plus Not-for-profit Entities Update)

Nov 2013 31 Mar 2014 1 Apr 2015
XRB A1 (FP Entities + PS PBE Update

Accounting Standards Framework (For-profit Entities plus Public Sector Public Benefit Entities)

May 2013 31 Mar 2014 1 Jul 2014
XRB A2

Standard XRB A2 Meaning of Specified Statutory Size Thresholds

Dec 2015 31 Dec 2015 1 Apr 2015
XRB A2


Feb 2014 25 June 2015 1 Apr 2015
XRB A2 Feb 2014 1 April 2014
Consequential amendments from XRB A1 Amendments to PBE Standards as a Consequence of XRB A1 and Other Amendments Dec 2015 1 Jan 2016
PBE IPSAS 1

Presentation of Financial Statements

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 1

Oct 2014 1 April 2015 Mark ups
PBE IPSAS 1


May 2013 28 Feb 2014 1 July 2014
PBE IPSAS 2 Cash Flow Statements Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 2 Oct 2014 1 April 2015 Mark ups
PBE IPSAS 2


May 2013 1 July 2014
PBE IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 3 Oct 2014 1 April 2015 Mark ups
PBE IPSAS 3


May 2013 1 July 2014
PBE IPSAS 4

The Effects of Changes in Foreign Exchange Rates

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 4

Oct 2014 1 April 2015 Mark ups
PBE IPSAS 4
May 2013 1 July 2014
PBE IPSAS 5 Borrowing Costs Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 5
Oct 2014 1 April 2015 Mark ups

PBE IPSAS 5


May 2013 1 July 2014
PBE IPSAS 6 (NFP)

Consolidated and Separate Financial Statements

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 6 (NFP)

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 6


May 2013 1 July 2014
PBE IPSAS 7 Investments in Associates Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 7 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 7


May 2013 1 July 2014
PBE IPSAS 8

Interests in Joint Ventures

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 8

Oct 2014 1 April 2015 Mark ups
PBE IPSAS 8
May 2013 1 July 2014
PBE IPSAS 9 Revenue from Exchange Transactions Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 9 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 9


May 2013 1 July 2014
PBE IPSAS 10

Financial Reporting in Hyperinflationary Economies

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 10

Oct 2014 1 April 2015 Mark ups
PBE IPSAS 10
May 2013 1 July 2014
PBE IPSAS 11 Construction Contracts Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 11 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 11


May 2013 1 July 2014
PBE IPSAS 12

Inventories

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 12

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 12


May 2013 1 July 2014
PBE IPSAS 13 Leases Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 13 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 13


May 2013 1 July 2014
PBE IPSAS 14 Events After the Reporting Date Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 14
Oct 2014 1 April 2015 Mark ups

PBE IPSAS 14


May 2013 1 July 2014
PBE IPSAS 16

Investment Property

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 16

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 16


May 2013 1 July 2014
PBE IPSAS 17

Property, Plant and Equipment

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 17

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 17


May 2013 1 July 2014
PBE IPSAS 19

Provisions, Contingent Liabilities and Contingent Assets

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 19


Oct 2014 1 April 2015 Mark ups

PBE IPSAS 19


May 2013 1 July 2014
PBE IPSAS 20

Related Party Disclosures

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 20

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 20


May 2013 1 July 2014
PBE IPSAS 21 Impairment of Non-Cash-Generating Assets Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 21 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 21


May 2013 1 July 2014
Amends to PBE IPSAS 23 Donated Goods Jan 2016 1 Jan 2016
PBE IPSAS 23 Revenue from Non-Exchange Transactions Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 23 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 23


May 2013 1 July 2014
PBE IPSAS 25

Employee Benefits

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 25

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 25


May 2013 1 July 2014
PBE IPSAS 26 Impairment of Cash-Generating Assets Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 26
Oct 2014 1 April 2015 Mark ups

PBE IPSAS 26


May 2013 1 July 2014
PBE IPSAS 27 Agriculture Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 27 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 27


May 2013 1 July 2014
PBE IPSAS 28 Financial Instruments: Presentation Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 28 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 28


May 2013 1 July 2014
PBE IPSAS 29

Financial Instruments: Recognition and Measurement

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 29

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 29


May 2013 1 July 2014
PBE IPSAS 30

Financial Instruments: Disclosures

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 30

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 30


May 2013 1 July 2014
PBE IPSAS 31

Intangible Assets

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 31

Oct 2014 1 April 2015 Mark ups

PBE IPSAS 31


May 2013 1 July 2014
PBE IPSAS 32 Service Concession Arrangements: Grantor Oct 2014 31 Dec 2015 1 Jan 2016
PBE IPSAS 32 Oct 2014 1 April 2015 Mark ups

PBE IPSAS 32


May 2013 1 July 2014
PBE IFRS 3

Business Combinations

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IFRS 3


Oct 2014 1 April 2015 Mark ups

PBE IFRS 3


May 2013 1 July 2014
PBE IFRS 4 Insurance Contracts Oct 2014 31 Dec 2015 1 Jan 2016
PBE IFRS 4 Oct 2014 1 April 2015 Mark ups

PBE IFRS 4


May 2013 1 July 2014
PBE IFRS 5

Non-current Assets Held for Sale and Discontinued Operations

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IFRS 5


Oct 2014 1 April 2015 Mark ups

PBE IFRS 5


May 2013 1 July 2014
PBE IAS 12 Income Taxes Oct 2014 31 Dec 2015 1 Jan 2016
PBE IAS 12 Oct 2014 1 April 2015 Mark ups

PBE IAS 12


May 2013 1 July 2014
PBE IAS 34

Interim Financial Reporting

Oct 2014 31 Dec 2015 1 Jan 2016
PBE IAS 34


Oct 2014 1 April 2015 Mark ups

PBE IAS 34


May 2013 28 Feb 2014 1 July 2014
PBE FRS 42

Prospective Financial Statements

Oct 2014 31 Dec 2015 1 Jan 2016
PBE FRS 42

Oct 2014 1 April 2015 Mark ups
PBE FRS 42
May 2013 28 Feb 2014 1 July 2014
PBE FRS 43 Summary Financial Statements Oct 2014 31 Dec 2015 1 Jan 2016
PBE FRS 43 Oct 2014 1 April 2015 Mark ups

PBE FRS 43


May 2013 28 Feb 2014 1 July 2014
PBE FRS 45

Service Concession Arrangements: Operator

Oct 2014 31 Dec 2015 1 Jan 2016
PBE FRS 45

Oct 2014 1 April 2015 Mark ups
PBE FRS 45
May 2013 1 July 2014
PBE FRS 46 First-time Adoption of PBE Standards by Entities Previously Applying NZ IFRSs Oct 2014 31 Dec 2015 1 Jan 2016
PBE FRS 46 Oct 2014 1 April 2015 Mark ups
PBE FRS 46


May 2013 1 July 2014
PBE FRS 47 First-time Adoption of PBE Standards by Entities Other Than Those Previously Applying NZ IFRSs Oct 2014 31 Dec 2015 1 Jan 2016
PBE FRS 47 Oct 2014 1 April 2015 Mark ups

PBE FRS 47


May 2013 1 July 2014
Glossary - The Glossary contains terms defined in PBE Standards

 Authoritative Notices for Tier 1 and Tier 2

Pronouncements

Title

Issued

Effective Date

Marked up

PBE Conceptual Framework Public Benefit Entities’ Conceptual Framework May 2016 1 January 2017  
PBE Framework Public Benefit Entities' Framework October 2014 1 April 2015 Marked up
PBE Framework Public Benefit Entities' Framework March 2014 1 April 2015

Explanatory Material for Tier 1 and Tier 2

This explanatory material has no legal status and has been issued for explanatory purposes only.

Explanatory Material

Title

Issued

Relevant to reporting periods beginning on or after
EG A1 Guide to Application of the Accounting Standards Framework Apr 2016 1 January 2016
Table of Differences Differences between Standards for Tier 1 For-Profit Entities and Tier 1 Public Benefit Entities Mar 2014
EG A1 (FP Entities + PS PBE + NFPs Update) Explanatory Guide: Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update) Feb 2014 1 April 2015
EG A2 Overview of the Accounting Standard Setting Process August 2014 August 2014
EG A7 Explanatory Guide: Materiality for Public Benefit Entities May 2014 1 April 2015
EG A8 Explanatory Guide: Financial Reporting by Not-for-profit Entities: The Reporting Entity October 2014 1 April 2015
EG A9 Explanatory Guide: Financial Reporting by Not-for-profit Entities: Identifying Relationships for Financial Reporting Purposes October 2014 1 April 2015

Accounting Standards and Other Documents for Tier 3

Accounting Standards for Tier 3

Standard Title Issued Date compiled to Effective Date
XRB A1 Application of the Accounting Standards Framework Dec 2015 1 Jan 2016
XRB A1 (FP Entities + PS PBEs + NFPs Update)

Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update)

Nov 2013 31 Mar 2014 1 April 2015
XRB A1 (FP Entities + PS PBE Update

Accounting Standards Framework (For-profit Entities plus Public Sector Public Benefit Entities)

May 2013 31 Mar 2014 1 Jul 2014
XRB A2

Standard XRB A2 Meaning of Specified Statutory Size Thresholds

Dec 2015 31 Dec 2015 1 Apr 2015
XRB A2


Feb 2014 25 June 2015 1 Apr 2015
XRB A2


Feb 2014 1 April 2014
Consequential amendments from XRB A1 Amendments to Simple Format Reporting Requirements as a Consequence of XRB A1 Dec 2015 1 April 2016
PBE SFR A (NFP) Public Benefit Entity Simple Format Reporting - Accrual (Not-For-Profit) Nov 2013 31 Dec 2015 1 Jan 2016
PBE SFR A (NFP) Nov 2013 2 Oct 2014 1 Apr 2015

Authoritative Notices for Tier 3

Pronouncements

Title

Issued

Effective Date

PBE Conceptual Framework Public Benefit Entities’ Conceptual Framework May 2016 1 January 2017
PBE Framework Public Benefit Entities' Framework March 2014 1 April 2015

Explanatory Material for Tier 3

This explanatory material has no legal status and has been issued for explanatory purposes only.

Explanatory Material

Title

Issued

Relevant to reporting periods beginning on or after
EG A1 Guide to Application of the Accounting Standards Framework Apr 2016 1 January 2016
EG A1 (FP Entities + PS PBEs + NFPs Update) Explanatory Guide: Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update) Feb 2014 1 April 2015
EG A2 Overview of the Accounting Standard Setting Process Aug 2014 August 2014

EG A5
Optional Template and Associated Guidance Notes for Applying Public Benefit Entity Simple Format Reporting - Accrual (Not-For-Profit) Sept 2014 1 April 2015
XLSX Template Template for PBE SFR-A (NFP) - XLSX version Nov 2013 1 April 2015
XLS Template Template for PBE SFR-A (NFP) - XLS version Nov 2013 1 April 2015
PDF Template Template for PBE SFR-A (NFP) - PDF version Nov 2013 1 April 2015
EG A8 Explanatory Guide: Financial Reporting by Not-for-profit Entities: The Reporting Entity October 2014 1 April 2015
EG A9 Explanatory Guide: Financial Reporting by Not-for-profit Entities: Identifying Relationships for Financial Reporting Purposes October 2014 1 April 2015

Accounting Standards and Other Documents for Tier 4

Accounting Standards for Tier 4

Standard Title Issued Date compiled to Effective Date
XRB A1 Application of the Accounting Standards Framework Dec 2015 1 Jan 2016
XRB A1 (FP Entities + PS PBEs + NFPs Update)

Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update)

Nov 2013 31 Mar 2014 1 April 2015
XRB A2

Standard XRB A2 Meaning of Specified Statutory Size Thresholds

Dec 2015 31 Dec 2015 1 Apr 2015
XRB A2


Feb 2014 25 June 2015 1 Apr 2015
XRB A2


Feb 2014 1 April 2014
Consequential amendments from XRB A1 Amendments to Simple Format Reporting Requirements as a Consequence of XRB A1 Dec 2015 1 April 2016
PBE SFR-C (NFP)

Public Benefit Entity Simple Format Reporting - Cash (Not-For-Profit)

Dec 2013
31 Dec 2015 1 Jan 2016
PBE SFR-C (NFP)

Dec 2013
1 April 2015

Explanatory Material for Tier 4

This explanatory material has no legal status and has been issued for explanatory purposes only.


Explanatory Material

Title

Issued

Relevant to reporting periods beginning on or after
EG A1 Guide to Application of the Accounting Standards Framework Apr 2016 1 January 2016
EG A1 (FP Entities + PS PBEs + NFPs Update) Explanatory Guide: Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update) Feb 2014 1 April 2015
EG A2 Overview of the Accounting Standard Setting Process Aug 2014 August 2014

EG A6
Guidance: Optional Template and Associated Guidance Notes for Applying Public Benefit Entity Simple Format Reporting - Cash (Not-For Profit) 1 April 2015
XLSX Template Template for PBE SFR-C (NFP) - XLSX version 1 April 2015
XLS Template Template for PBE SFR-C (NFP) - XLS version 1 April 2015
PDF Template Template for PBE SFR-C (NFP) - PDF version 1 April 2015
EG A8 Explanatory Guide: Financial Reporting by Not-for-profit Entities: The Reporting Entity Oct 2014 1 April 2015

Other Related Material

This material has no legal status and have been issued for explanatory purposes only.

Title

Issued

Feedback Statement - Enhancements to PBE Standards for NFP Entities Oct 2014
Feedback Statement on Interests in Other Entities (Amendments to PBE SFP-A (NFP)) and Interests in Other Entities (Amendments to PBE SFP-A (PS)) Sept 2014
Feedback Statement on Exposure Draft Submissions on XRB A1 Accounting Standards Framework: Omnibus Amendments (Legislative Update) Feb 2014
Feedback Statement on Exposure Draft Submissions on XRB A2 Meaning of Specified Statutory Size Thresholds (ED XRB A2) Feb 2014
Feedback Statement: Amendments to Accounting Standards: Omnibus Amendments (Legislative Update) Feb 2014
Feedback Statement: XRB A1 (For-profit Entities plus Public Sector Public Benefit Entities plus Not-for-profit Entities Update) Nov 2013
Feedback Statement: PBE SFR-A (NFP) Nov 2013
Feedback Statement: PBE SFR-C (NFP) Nov 2013
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