New Accounting Standards for For-Profit Entities
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This page provides For-Profit entities a snapshot of new and amending standards to consider when preparing financial statements. |
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Balance date when first time application is required
Select your balance date for new standards requiring first-time adoption in each reporting period:
Application required for periods beginning on/after 1 January 2026
- Amendments to the Classification and Measurement of Financial Instruments (Amendments to NZ IFRS 9 and NZ IFRS 7)
- Annual Improvements to NZ IFRS 2024
- Contracts Referencing Nature-dependent Electricity—Amendments to NZ IFRS 9 and NZ IFRS 7
Application required for periods beginning on/after 29 September 2025
- Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025
Also consider revised IFRS Practice Statement 1 Management Commentary.
Application required for periods beginning on/after 1 January 2025
- Lack of Exchangeability (Amendments to NZ IAS 21)
- Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28
Application required for periods beginning on/after 29 September 2025
- Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025
Also consider revised IFRS Practice Statement 1 Management Commentary and illustrative examples of disclosures about uncertainties in the financial statements.
Application required for periods beginning on/after 1 January 2025
- Lack of Exchangeability (Amendments to NZ IAS 21)
- Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28
Also consider revised IFRS Practice Statement 1 Management Commentary and illustrative examples of disclosures about uncertainties in the financial statements.
Application required for periods beginning on/after 1 January 2025
- Lack of Exchangeability (Amendments to NZ IAS 21)
- Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28
Also consider illustrative examples of disclosures about uncertainties in the financial statements.
Application required for periods beginning on/after 1 January 2025
- Lack of Exchangeability (Amendments to NZ IAS 21)
- Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28
Also consider illustrative examples of disclosures about uncertainties in the financial statements.
Application required for periods beginning on/after 1 January 2024
Application required for periods beginning on/after 1 January 2024
Application required for periods beginning on/after 1 January 2024
