As the end of the financial year approaches, it’s essential to ensure that you have everything in order for your NFP organisation. Here are five steps that will help you prepare for the EOFY.
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We look at the ACNC (Australian Charities and Not-for-profits Commission) compliance approach, the reporting requirements and financial controls and what you must know in not-for-profit accounting.
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We look at what happens when not-for-profit accounting meets NFP law and chat to leading NFP law experts at Justice Connect about the synergistic relationship between these two disciplines in the NFP sector.
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As the AASB discussion paper deadline looms, we offer an AASB discussion paper update and revisit why we believe simplifying the accounting requirements for Tier 3 not-for-profit private sector entities is a significant and positive move in NFP accounting.
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Here’s a snapshot of our January 2023 NFP accounting kick-off and what we’ll be watching over the next six months in not-for-profit accounting.
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A look at how the not-for-profit sector has performed over recent years and what the industry may look like for Australia in the future.
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2022 has been a busy but successful year in not-for-profit accounting. We have seen changes and updates and experienced some highs and lows at the AFG headquarters.
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The AASB has recently released a discussion paper to simplify the accounting requirements for Tier 3 not-for-profit private sector entities. We share our comments on how we believe the AASB discussion paper will have a positive impact on NFP accounting.
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Some organisations plan for their financial year end in December, especially those in the education sector. Here’s our December EOFY accounting checklist for NFPs with a 31 December balance date
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The AASB governs Australia’s accounting standards and reporting presentation rules and offers guidance on maintaining standards in accounting consistency and quality. Specific AASB rules apply to accounting for not-for-profits. We unpack the AASB rules for revenue in the not-for-profit sector.
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