Completed
Date

Tuesday 28 November 2017

Time

12:00 pm

Duration

1.5 CDP hours

Session Topic

NFP reporting and ACNC activities – the latest

Many not-for-profits, including charities, have a 31 December 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 for preparers and auditors will:

  • Identify the ACNC activities and reports relevant to governance, preparers and auditors •
  • Look at NFP financial-reporting issues for 31 December, and
  • Discuss implementation steps for NFP aspects of AASB 15 and AASB 1058.
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This session is presented by:

Colin Parker

Principal, GAAP Consulting, Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board. He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

 

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Carmen Ridley

Principal of Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients. Carmen is the co-author of ‘Understanding and Implementing the Reduced Disclosure Regime’. Carmen is serving her third three-year term as a member of the AASB.