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Tag : AASB

Proposed new reporting tier to support small NFPs

Ruby Kraner-Tucci, Wednesday, 5th October 2022 - 
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The Australian Accounting Standards Board (AASB) is calling on industry professionals to review proposed changes aimed at simplifying accounting and reducing costs…

Peppercorn Leases and Other Leases With Significantly Below-market Terms and Conditions

Maggie Coggan, Thursday, 29th November 2018 - 
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With not for profits struggling to come to grips with the concept of valuing peppercorn leases and other leases with significantly below-market terms and conditions, …

The Adoption of New Accounting Standards: The Financial Report Users’ Perspective

Maggie Coggan, Tuesday, 23rd October 2018 - 
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With Australian financial reporting poised for significant upheaval, Nick Walker, partner in audit and assurance at HLB Mann Judd, explains what the introduction of …

NFPs Encouraged to Use ACNC Review to Drive Financial Reporting Change

Wendy Williams, Tuesday, 27th February 2018 - 
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Not for profits are being urged to use the Australian Charities and Not-for-profits Commission legislative review to drive a positive change for financial reporting …

Reporting Change a Big Burden for Small Charities

Ellie Cooper, Tuesday, 29th September 2015 - 
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A proposed change to the way Not for Profits recognise income in financial reporting will be too complex and costly for smaller NFPs to implement, a leading advisor to the…

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