Accounting standards resource hub

Keep informed about the latest regulatory and legislative changes, and financial reporting requirements for businesses with news and information from BDO’s audit and accounting specialists.

We’re committed to helping you stay ahead of any changes to the financial reporting requirements, regulatory landscape and general business environment by providing access to the latest accounting news and business resources. Read our monthly Financial Reporting Insights here to keep up to date with the latest New Zealand and global developments in corporate financial and sustainability reporting. You will also find below a range of further tools, resources and publications to help your business adopt the latest accounting standards.

For more help in ensuring your financial reporting is consistent with the requirements of applicable financial reporting standards (including NZ IFRS, and PBE IPSAS), please reach out to your BDO Advisor or BDO’s specialist Financial Reporting Advisory team.

Adopting NZ IFRS 18

The newly released NZ IFRS 18 accounting standard (formally known as ‘NZ IFRS 18 Presentation and Disclosure in Financial Statements’) will require a number of important changes for your business’ financial statements - including changes to how financial information is required to be presented and disclosed. View our comprehensive guide on stepping up to the new standard.

Model financial statements

These illustrative financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances of any particular individual or entity.

Model financial statements have been prepared for:

Global IFRS resources

Globally, BDO issues illustrative IFRS financial statements that are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. These include both:

Illustrative INTERIM financial statements (including practical application guidance regarding IAS 34 Interim Financial Reporting).

Illustrative ANNUAL financial statements.

They are not intended to address the particular circumstances of any particular individual or entity, and do not contain any of the New Zealand-specific disclosures (i.e., those required by FRS 44 New Zealand Additional Disclosures).

The full library of BDO illustrative IFRS financial statements can be found here.

	31 December 2024	31 December 2023
Tier 1	A Tier 1 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards	A Tier 1 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards
Tier 2	A Tier 2 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards (Reduced Disclosure Regime)	A Tier 2 For-Profit Entity reporting under New Zealand equivalents to International Financial Reporting Standards (Reduced Disclosure Regime)
COVID -19 supplement model financial statements

	31 December 2024	31 December 2023
Tier 1	A Tier 1 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards	A Tier 1 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards
Tier 2	A Tier 2 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards (Reduced Disclosure Regime)	A Tier 2 Public Benefit Entity (Not-For-Profit) reporting under Public Benefit Entity Standards (Reduced Disclosure Regime)

Accounting standards resource hub

Accounting standards resource hub

Adopting NZ IFRS 18

Model financial statements

For-Profit

Not-for-Profit

View our latest Financial Reporting Insights

Generally Accepted Accounting Practice Standards (GAAP)

For-Profit Entity

Public Sector Benefit Entity

Not-for-Profit PBE

IFRS guides

IFRS 16 guides

General IFRS guides

Global IFRS resources

Industry specific publications

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Financial Reporting Insights