International Financial Reporting Standards

This section provides an overview of the latest publications, commentary and guides covering IFRS.

New Zealand Publications

IFRS in brief

Essential (Differential) Limited 2006 and 2007

A practical guide to segment reporting

AIFRS, NZ IFRS and IFRS - similar but not the same

NZIFRS 7

International Publications

Please click here for a comprehensive list of the latest publications.

These may be of particular interest:

• 'Illustrative corporate consolidated financial statements 2008
• Illustrative interim financial information for existing IFRS preparers (PDF file, 2.14mb)
• IFRS for SMEs (proposals): Pocket guide 2007
• IFRS Pocket guide
• Illustrative interim financial statements 2005: For first-time adopters of IFRS (PDF file, 431kb)
• Illustrative corporate consolidated financial statements 2007 (PDF file, 6.10mb)
• Illustrative consolidated financial statements 2006: Banks (PDF file, 797kb)
• Illustrative financial statements 2006: Funds (PDF file, 437kb)
• Illustrative consolidated financial statements 2006: Investment property (PDF file, 968kb)
• Illustrative consolidated financial statements 2006: Insurance (PDF file, 1.2mb)
• International Financial Reporting Standards Illustrative consolidated financial statements 2006 – Banks
• Adopting IFRS
• IFRS survey: The European investors' view

• IFRS News
• Big Deal? Accounting for business combinations and consolidations under New Zealand equivalents to IFRS
• IASB DP on Fair Value Measures
  The International Accounting Standards Board (IASB) issued a discussion paper seeking proposed new guidance on fair share measurements. Rather than seeking to change or expand the use of fair trade value, the proposals aim to improve consistency by “codifying, clarifying and simplifying” what are at present a number of different approaches to measurement. The consultation period ended on 4 May 2007, with the exposure draft likely to be published in 2008 ahead of a finalised standard in 2009. While this publication looks at the Investment Management & Real Industries in particular, it contains an easy to read over-view of the fair value issue.
• IASB DP - Preliminary Views on Insurance Contracts
  On 3 May 2007 the International Accounting Standards Board (IASB) issued its discretionary paper, Preliminary Views on Insurance Contracts. The discussion paper is expected to become the basis of a draft accounting standard on insurance reporting.

This publication provides a summary of the key elements of the discussion paper and the appendices highlight the differences between the IASB’s proposals and the views of two industry groups that have put forward their own parallel blueprints for insurance accounting (GNAIE and CFO Forum), along with the IFRS model under IAS 39. The content of the Alert seeks to follow the content of the discussion paper (150 pages) and its appendices (another 83 pages) as closely as possible.