Tier 1 & 2

Tier 1 and 2 For-Profit Standards

The following provides the accounting standards that must be applied by Tier 1 and 2 For-profit entities in New Zealand. It includes current and archived standards as well as interpretations, amendments and explanatory guides.  

Click on the arrows below to see all standards, interpretations, amendments, and explanatory guides.

XRB A1 

Application of the Accounting Standards Framework


XRB A2

Meaning of Specified Statutory Size Thresholds 


NZ IFRS 1

First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards


NZ IFRS 2

Share-based Payment


NZ IFRS 3

Business Combinations


NZ IFRS 4

Insurance Contracts


NZ IFRS 5

Non-current Assets Held for Sale and Discontinued Operations


NZ IFRS 6

Exploration for and Evaluation of Mineral Resources


NZ IFRS 7

Financial Instruments: Disclosures


NZ IFRS 8

Operating Segments


NZ IFRS 9

Financial Instruments


NZ IFRS 10

Consolidated Financial Statements


NZ IFRS 11

Joint Arrangements


NZ IFRS 12

Disclosure of Interests in Other Entities


NZ IFRS 13

Fair Value Measurement


NZ IFRS 14

Regulatory Deferral Accounts


NZ IFRS 15

Revenue from Contracts with Customers


NZ IFRS 16

Leases


NZ IFRS 17

Insurance Contracts


NZ IAS 1

Presentation of Financial Statements


NZ IAS 2

Inventories


NZ IAS 7

Statement of Cash Flows


NZ IAS 8

Accounting Policies, Changes in Accounting Estimates and Errors


NZ IAS 10

Events after the Reporting Period


NZ IAS 11

Construction Contracts


 

NZ IAS 12

Income Taxes


NZ IAS 16

Property, Plant and Equipment


NZ IAS 17

Leases


NZ IAS 18

Revenue


NZ IAS 19

Employee Benefits


NZ IAS 20

Accounting for Government Grants and Disclosure of Government Assistance


NZ IAS 21

The Effects of Changes in Foreign Exchange Rates


NZ IAS 23

Borrowing Costs


NZ IAS 24

Related Party Disclosures


NZ IAS 26

Accounting and Reporting by Retirement Benefit Plans


NZ IAS 27

Separate Financial Statements


NZ IAS 28

Investments in Associates and Joint Ventures


NZ IAS 29

Financial Reporting in Hyperinflationary Economies


NZ IAS 32

Financial Instruments: Presentation


NZ IAS 33

Earnings per Share


NZ IAS 34

Interim Financial Reporting


NZ IAS 36

Impairment of Assets


NZ IAS 37

Provisions, Contingent Liabilities and Contingent Assets


NZ IAS 38

Intangible Assets


NZ IAS 39

Financial Instruments: Recognition and Measurement


NZ IAS 40

Investment Property


NZ IAS 41

Agriculture


FRS-42

Prospective Financial Statements


FRS-43

Summary Financial Statements


FRS-44

New Zealand Additional Disclosures


 

NZ IFRIC 1

Changes in Existing Decommissioning, Restoration and Similar Liabilities


NZ IFRIC 2

Members’ Shares in Co-operative Entities and Similar Instruments


NZ IFRIC 4

Determining whether an Arrangement contains a Lease


NZ IFRIC 5

Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds


NZ IFRIC 6

Liabilities arising from Participation in a Specific Market—Waste Electrical and Electronic Equipment


NZ IFRIC 7

Applying the Restatement Approach under NZ IAS 29 Financial Reporting in Hyperinflationary Economies


NZ IFRIC 10

Interim Financial Reporting and Impairment


NZ IFRIC 12

Service Concession Arrangements


NZ IFRIC 13

Customer Loyalty Programmes


NZ IFRIC 14

NZ IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction


NZ IFRIC 15

Agreements for the Construction of Real Estate


NZ IFRIC 16

Hedges of a Net Investment in a Foreign Operation


NZ IFRIC 17

Distributions of Non-cash Assets to Owners


NZ IFRIC 18

Transfers of Assets from Customers


 

NZ IFRIC 19

Extinguishing Financial Liabilities with Equity Instruments


NZ IFRIC 20

Stripping Costs in the Production Phase of a Surface Mine


NZ IFRIC 21

Levies


NZ IFRIC 22

Foreign Currency Transactions and Advance Consideration


NZ IFRIC 23

Uncertainty over Income Tax Treatments


NZ SIC-7

Introduction of the Euro 


NZ SIC-10

Government Assistance – No Specific Relation to Operating Activities


NZ SIC-15

Operating Leases – Incentives


NZ SIC-25

Income Taxes – Changes in the Tax Status of an Entity or its Shareholders


NZ SIC-27

Evaluating the Substance of Transactions Involving the Legal Form of a Lease


NZ SIC-29

Service Concession Arrangements: Disclosures


NZ SIC-31

Revenue – Barter Transactions Involving Advertising Services


NZ SIC-32

Intangible Assets – Website Costs


Explanatory Guide (EG A1)

Tier 1, 2, 3 & 4: Guide to Application of the Accounting Standards Framework


Explanatory Guide (EG A2)

Tier 1, 2, 3 & 4: Overview of the Accounting Standard-setting Process