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Tag : Accounting standards

NFPs and financial reporting – Challenges and opportunities

Contributor, Tuesday, 8th June 2021 -  With tax time just around the corner, Breakthrough Accounting shares some of the trends, challenges and opportunities that can help charities pull together their annual financial…

Not-for-profit roadmap: Current and future changes to financial reporting

Contributor, Thursday, 7th November 2019 -  Ram Subramanian, a policy adviser in reporting at CPA Australia, offers an overview of what the Australian Accounting Standards Board overhaul of its financial reporting framework…

Income recognition template designed for not for profits

Contributor, Thursday, 25th July 2019 -  HLB shares a new template to help not for profits comply with complex new accounting standards and find a process to determine how and when to recognise income. To assist not-for-profit…

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

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

Impact of Accounting Standard Changes in Recognition of Revenue

Contributor, Tuesday, 18th July 2017 -  Significant changes to accounting standards in 2018 and upcoming changes to lease accounting have the potential for a substantial amount of adjustment by not-for-profit organisations,…

ACNC Myth-Busts Charity Admin Costs

Lina Caneva, Thursday, 11th August 2016 -  The charity regulator, the Australian Charities and Not-for-profits Commission (ACNC), wants a dedicated accounting standard that applies to the Not for Profit sector with clear…

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