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      Focusing on compliance in financial reporting

      NZ IFRS 18, Presentation and Disclosure in Financial Statements (NZ IFRS 18) introduces key changes to how financial performance is presented in the financial statements. With more consistent subtotals, clearer categorisation, and enhanced transparency, the standard shapes how organisations communicate results to stakeholders.

      KPMG’s podcast series explores the practical impacts of NZ IFRS 18, highlighting what management and finance teams need to know to navigate the changes confidently. Each episode offers insights into the implications for reporting processes and financial statements, helping management and stakeholders understand the opportunities for clearer, more decision-useful reporting.

      Episode 01 | The time to start thinking about the impact of NZ IFRS 18 on your financial reporting is now

      NZ IFRS 18 introduces significant changes to financial reporting. This episode explains why early preparation is essential and outlines practical steps to begin assessing its impact.

      Episode 02 | A new structure for the statement of profit or loss and the key considerations

      Explore the redesigned statement of profit or loss under NZ IFRS 18. In this episode, we discuss the structural changes, presentation requirements, and critical considerations for compliance.

      Episode 03 | Management Performance Measures

      Understand the new guidance on management performance measures (MPM’s), including disclosure requirements and implications for transparency and comparability in financial reporting.

      Episode 04 | Grouping information in the financial statements and changes to other standards as a result of NZ IFRS 18

      Learn how NZ IFRS 18 reshapes the grouping of information in financial statements and the consequential amendments to other standards that preparers need to address.

      How we can help

      Adopting NZ IFRS 18 for the first time requires careful planning and technical expertise. We can provide practical support to help you implement the new standard efficiently and with confidence:

      • Assess the Impact

        Analyse how NZ IFRS 18 will affect your financial statements, disclosures, and performance measures.

         

      • Plan the Transition

        Develop a tailored roadmap for adoption, including key milestones, governance, and resource planning

      • Redesign Financial Statements

        Support the restructuring of your statement of profit or loss, notes to the financial statements and the grouping of information to meet the new requirements.

      • Assess and identify Management Performance Measures

        Advise on compliance with updated disclosure obligations and integration into your reporting framework.

      • Provide Training and Guidance

        Deliver targeted training and ongoing support to equip your finance team for successful implementation.

      • Assist management

        Support management in preparing for and completing transition to NZ IFRS 18 through accounting workshops, review of management and board papers, review of revised financial statement disclosures and acting as a sounding board for accounting judgments.

      • Support Ongoing Compliance

        Assist with managing consequential changes to other reporting and provide accounting advice throughout the audit and review processes.

      Get in touch

      If you are preparing for NZ IFRS 18 adoption, we are ready to assist. Contact us to discuss your requirements and explore how our expertise can support your transition.

      Matthew Kinraid KPMG NZ
      Matt Kinraid

      Partner, Audit

      KPMG in New Zealand

      Simon Lee - KPMG New Zealand
      Simon Lee

      Technical Director - Accounting Advisory Services

      KPMG in New Zealand

      Sarah Bate
      Sarah Bate

      Director – Accounting Advisory Services

      KPMG in New Zealand

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