Page updated 12 Jan 2017
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.
|11 Jan 2017||Accounting Policies for the Financial Statements of the Government of New Zealand for the Half Year Economic and Fiscal Update 2016||accpol-hyefu16.pdf (138 KB)|
|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 indicating current discount rates and the guidance document
Methodology for Risk-free Discount Rates and CPI Assumptions for Accounting and Valuation Purposes.
|Transition to Public Sector PBE Accounting Standards|
|6 Nov 2013||Guidance on Recognising Liabilities and Expenses||rle-nov13.pdf (270 KB)|
|23 Jul 2007||Eliminations Framework for the Financial Statements of the Government under NZ IFRS||nzifrs-ef-23jul07.pdf (84 KB)|
|28 May 2008||Reporting tax receivables under NZ IFRS||nzifrs-taxreceivables-28apr08.pdf (37 KB)|
|New Zealand International Financial Reporting Standards (NZIFRS)|
|Oct 2007||Example of FRS-41 Disclosure for the FSG for Year Ending 30 June 2005|
|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||nzifrs-nzias19.pdf (79 KB)|
|15 Aug 2005||
NZ IFRS 1 Optional Exemption Policies
|nzifrs-1-oep-note-v2.pdf (59 KB)|
|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||nzifrs-accpol-kpmg.pdf (59 KB)|
|Sep 2005||Disclosure Choices in NZ IFRS - KPMG Report to the Treasury on Implementation of NZ IFRS for the Crown Financial Statements||nzifrs-disc-kpmg.pdf (28 KB)|