1. What are the major changes takin

1. What are the major changes taking place in small and medium-sized business financing?
2. What factors determine capital needs and financing alternatives in export-import trade?
3. State the common external sources of financing for export-import businesses.

The main objective of these changes was to find a balance between the compliance costs of preparing annual financial statements against the benefits users obtain from these financial reports. And as a result, the majority of small and medium sized New Zealand businesses will no longer be required to prepare general purpose financial reports (GPFR). These are the majority of New Zealand companies and are defined as having less than $30 million in revenue and less than $60 million in assets.

Small and medium sized companies with ten or more shareholders will be required to prepare GPFR and also have them audited. They have the ability to opt-out of these requirements if no more than 5% of shareholders object.