Not-For-Profit Webinar

Confusion and challenging are words we associate with the accounting standards on Not-for-profit income, even though it is 2 years since they became mandatory. Financial statement preparers and auditor’s express frustration at the time they take to apply the rules and resolve differences in views. It can be difficult to match the contents of grants with the language of the standards. Reviews of statements lodged with the ACNC show plenty of organisations are not on top of their revenue and grant accounting.

Confusion and challenging are words we associate with the accounting standards on Not-for-profit income, even though it is 2 years since they became mandatory. Financial statement preparers and auditor’s express frustration at the time they take to apply the rules and resolve differences in views. It can be difficult to match the contents of grants with the language of the standards. Reviews of statements lodged with the ACNC show plenty of organisations are not on top of their revenue and grant accounting.

Day 1 - Getting To Grips With Principles And Mechanics. Day 2 - Applying And Documenting The Standards. Two half day workshops will give you the basis of solving these problems. Step by step you will be taken through the process of applying AASB 15 / AASB 1058 efficiently and accurately to NFP financial statements.