Easy as One Two Three

New Zealand Management, April 2006 | Go to article overview

Easy as One Two Three


Organisations trying to wrap their minds round changes surrounding financial reporting can tap in to a new resource from the New Zealand Institute of Chartered Accountants (NZICA).

New standards--"NZ IFRS" or New Zealand Equivalents to the International Financial Reporting Standards--will apply for general purpose financial reports from the start of January next year. This means that New Zealand companies will need to collect NZ IFRS information from this year. NZICA aims to ensure that everyone understands the impacts on the way information is collected and presented.

It has produced an easy-to-understand e-learning solution--a series of six DVD workshops presented by KPMG. Joanna Perry, a KPMG partner and chairman of the Institute's Financial Reporting Standards Board, says the DVDs are a way for people who missed the series of presentations around the country to get up to speed in their own time.

"IFRS--The First Series" is a three-DVD e-learning product (each DVD covers two workshops) that can be used for personal, client or team training. It comes with a set of course papers which includes a technical paper, slides and case studies. It also includes frequently asked questions from the workshops. …

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