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New year, new approach to financial information

Ushi Ghoorah, Friday, 1st July 2022 - New research shows the public is seeking increased and more transparent financial disclosures from NFPs. The start of a new financial year is the perfect time to look at whether your…

New reforms to simplify financial reporting for more than 5,000 charities

Wendy Williams, Thursday, 1st July 2021 - The changes will save small and medium charities thousands of dollars a year Financial reporting thresholds for small and medium charities registered with the Australian Charities…

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…

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…

NFPs Encouraged to Use ACNC Review to Drive Financial Reporting Change

Wendy Williams, Tuesday, 27th February 2018 - 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 within the …

Simplifying Income Recognition for Not-for-Profit Entities

Wendy Williams, Wednesday, 21st December 2016 - Financial reporting for not for profits is set to align more closely with economic reality in a bid to help organisations become more effective in explaining their true circumstances…

Opinion

Not for Profits Tied Up in Knots Over Financial Reporting

Alex Malley, Thursday, 8th September 2016 - Despite some progress, Not for Profits are still bound by red tape. Alex Malley, chief executive of CPA Australia, looks at whether the sector needs a separate accounting standard.…

Analysis

Charity Financial Reporting Faces Regulatory Shake Up

Staff Reporter, Thursday, 6th August 2015 - By all accounts some charities are still producing sub-standard financial reports but the regulations on reporting are about to change, writes Jeff Tulk, from specialist Not for…

ACNC Releases NFP Reporting Requirements

Staff Reporter, Friday, 5th July 2013 - The Australian Charities and Not-for-profits Commission (ACNC) has released the financial reporting requirements of the 2014 Annual Information Statement (AIS) which will ask…

Finance Reporting a Key Concern for Sector

Staff Reporter, Tuesday, 5th February 2013 -
ACNC Commissioner Susan Pascoe addresses the national community presentation in Melbourne. Picture: Jackie Hanafie Financial reporting and clarity on the statutory definition…

NFPs Dealing with Significant Governance Challenges

Staff Reporter, Wednesday, 5th May 2010 - A new Australian study highlights a number of significant corporate governance challenges facing the Not for Profit sector. The study, conducted jointly by corporate governance…

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