Back to top anchor

Accounting Policies

Financial Forecasting and Reporting by the New Zealand Government complies with Public Sector PBE Accounting Standards (PBE Standards).

These standards are based largely on International Public Sector Accounting Standards (IPSAS). Because PBE Standards are principles based, judgment is still required in preparing financial forecasts and reports.

To ensure consistency in accounting treatment, and to provide support to entities submitting information for the purposes of the consolidated financial statements and forecasts, Treasury has prepared a set of Crown accounting policies and other guidance material. Listed below are links to these documents.

Doc. Date Title/Browse Download
  Treasury Instructions  
  Treasury Circulars  
22 May 2018 Accounting Policies for the Financial Statements of the Government of New Zealand for the Budget Economic and Fiscal Update 2018

19 Mar 2018 Measuring Remeasurements: Treasury Applications Guidance  
12 Mar 2018 Guidance on Accounting for Financial Instruments under PBE IFRS 9 for Non-financial Entities  
9 Jun 2017 Accounting Policies for the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2017 [Crown Accounting Policies]

11 Jan 2017 Accounting Policies for the Financial Statements of the Government of New Zealand for the Half Year Economic and Fiscal Update 2016

11 Jan 2017 Accounting Policies for the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2016 [Crown Accounting Policies] nzifrs-accountpolicies-30jun16.pdf (125 KB)
5 Oct 2015 Risk-free Discount Rates and CPI Assumptions for Accounting and Valuation Purposes
Includes a table with the latest discount rates and associated methodology documents
 
  Transition to Public Sector PBE Accounting Standards  
6 Nov 2013 Guidance on Recognising Liabilities and Expenses

23 Jul 2007 Eliminations Framework for the Financial Statements of the Government under NZ IFRS

28 May 2008 Reporting tax receivables under NZ IFRS

  New Zealand International Financial Reporting Standards (NZIFRS) 2007-2014  
Oct 2007 Example of FRS-41 Disclosure for the FSG for Year Ending 30 June 2005  
May 2005

Valuation Guidance for Property, Plant and Equipment, Including Specialised Items in the Health and Education Sectors

 
May 2005 Is Capital Charge a Financial Instrument or Expense?  
May 2005 Am I a public benefit entity?  
11 Oct 2005 Guidance on Accounting for Sick Leave under NZ IAS 19 Employee Benefits

pdf
72.28 KB

15 Aug 2005

NZ IFRS 1 Optional Exemption Policies

15 Aug 2005 Example of FRS-41 Disclosure for the FSG for Year Ending 30 June 2005  
May 2005 [Accounting] Policy Choices in NZ IFRS - KPMG Report to the Treasury on Implementation of NZ IFRS for the Crown Financial Statements

Sep 2005 Disclosure Choices in NZ IFRS - KPMG Report to the Treasury on Implementation of NZ IFRS for the Crown Financial Statements

Last updated: 
Friday, 9 June 2017