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Key changes to the accounting requirements for Tier 1 & 2 PBEs


This webinar examines the key changes coming up for these charities, in particular those related to investments in other entities and financial instruments.

Content Description

Charities reporting under Tier 1 and Tier 2 public benefit entity accounting standards have already experienced significant changes to their financial reporting requirements and more changes are on the way.


In recent years, New Zealand’s accounting standards framework has become more complicated, with the External Reporting Board’s decision to take a multi-standards, multi-tiered approach to standard setting. This change has required members who work in, or with, charities to apply the new public benefit entity accounting standards.


In this webinar, Jackie Russell-Green of BDO focuses on Tier 1 and Tier 2 public benefit entity accounting standards. She will decode upcoming changes to the standards, with particular emphasis on investments in other entities and financial instruments.


Highlights include:

Examination of the key requirements of PBE IPSAS 34 Separate Financial Statements, PBE IPSAS 35 Consolidated Financial Statements, PBE IPSAS 36 Investments in Associates and Joint Ventures, PBE IPSAS 37 Joint Arrangements and PBE IPSAS 38 Disclosure of Interests in Other Entities (including strategies for preparing for these upcoming changes)
  • Examination of the key requirements of PBE IFRS 9 Financial Instruments (including strategies for preparing for these upcoming changes).

  • Learning Outcomes

    Upon satisfactory completion of this webinar you will be able to:

    • Identify upcoming changes to Tier 1 and Tier 2 public benefit entity accounting standards
    • Explain the key requirements of PBE IPSAS 34 – 38 and understand how to prepare for their implementation and assess their likely impact
    • Discuss the key requirements of PBE IFRS 9 and understand how to prepare for its implementation and assess its likely impact.

    Benefits


    Improve your financial reporting knowledge and skills by increasing your awareness of upcoming changes to Tier 1 and Tier 2 public benefit entity accounting standards (in particular upcoming changes to the treatment of investments in other entities and financial instruments) and how to prepare for those changes.

    Jackie Russell-Green is a Technical Associate with BDO. Jackie has over a decade of experience in financial reporting and specialises in the application of New Zealand equivalents to International Financial Reporting Standards and Public Benefit Entity Accounting Standards. Jackie’s clients have come from a wide cross-section of industries including public sector (both central and local government), not-for-profits, financial services, utilities, manufacturing, tourism and agriculture


    EVENT DETAILS


    Topic: Reporting

    Sub-Topic: Financial Reporting

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: 1 hours