What do the changes to NFP income accounting mean for your organisation?
In this Live Webinar Recording, our Financial Reporting Advisory specialists explore the AASB’s new income of not-for-profit entities standards and what this will mean for your organisation.
The AASB is finalising new accounting standards to replace AASB 1004 Contributions and to provide guidance on applying AASB 15 Revenue from Contracts with Customers for not-for-profit entities. These changes will affect the income recognition rules for donations, bequests, grants, customer contracts and the acquisition of some assets and lease arrangements of not-for-profit entities.
This live webinar recording covers the following:
- Explore the requirements of the new standards
- Provide examples to illustrate their application
- Identify the key differences to the current standards
- Suggest the next steps in preparing for these changes
This is a must see webinar recording for all not-for-profit entities.
