Many not-for-profits, including charities, have a 30 June reporting date. NFPs have specific requirements under accounting standards. They will be affected by AASB 15 Revenue for Contracts with Customers (and its NFP appendix), the new AASB 1058 Income for Not-for-profit entities, and revised AASB 1004 Contributions. This session will:
- Look at NFP financial-reporting issues for 30 June
- Describe how AASB 15 affects NFP entities, and
- Identify the ACNC activities and reports relevant to governance, preparers and auditors.