General standards and explanatory guides Old Framework
These General Accounting Standards issued by the XRB Board applied to all reporting entities preparing general purpose financial reports for periods beginning on or before 30 November 2012.
Explanatory guides relating to accounting standards that are part of the “old” Accounting Standards Framework. These explanatory guides, which are issued by the XRB Board or the NZASB, have no legal status and have been issued for explanatory purposes only.
Entities reporting for period beginning on or after 1 December 2012 are required to do so in accordance with the new Accounting Standards Framework.