Accounting Alerts

23 May 2024

New Standard and IFRIC Agenda decision issued 

• NZ IFRS 18 Presentation and Disclosure in Financial Statements includes requirements for the presentation and disclosure of information in financial statements. IASB webinars on new requirements in IFRS 18 Presentation and Disclosure in Financial Statements can be found here.
• IFRIC agenda decision on Climate-related commitments  An XRB explainer outlining the steps to consider when recognising a liability, will be released shortly. 

Current consultations

• IPSASB ED 89 Amendments to Consider IFRIC Interpretations closes 27 May
• IPSASB ED 86 Exploration for and Evaluation of Mineral Resources closes 31 May  
• IPSASB ED 87 Stripping Costs in the Production Phase of a Surface Mine closes 31 May
• IASB Business Combinations – Disclosures, Goodwill and Impairment closes 14 June
• PBE Conceptual Framework Update closes 21 June

New consultations

• IASB Contracts for Renewable Electricity closes 18 July
• 2024 Omnibus Amendments to PBE Standards closes 15 August

Upcoming Events

• Need to Know webinar, for Tier 1 and 2 for-profit entities: 5 June 11.30am – 12.30pm.
• The next NZASB meeting will take place on 13 June, register here.