The session will primarily focus on AASB 15 Revenue from contracts with customers and AASB 1058 Income of Not-for-Profit Entities and, the new accounting standards which have become effective from 1 January 2019. These standards represent significant changes to income and revenue recognition by NFP organisations.
What is not included in the program?
The course will only interpret the standards in ‘layman’s term’. It would not teach how to prepare financial records and reporting.
Course Outcomes:
By the end of this webinar your organisation will have:
- An awareness of the accounting standards which have been revamped,
- A general understanding of the reporting requirements expected under these revised standards, and
- An appreciation of why it is important to adopt the changes in the accounting standards.
Audience
What to expect from the new not-for-profit (NFP) accounting standards is suitable for:
- All reporting NFP organisations
- NFP organisations, irrespective of size, which publishes some form of financial information to their stakeholders
NFPs with an interest in financial reporting and disclosures.
About the Presenter:
Dr. Ushi Ghoorah
Ushi Ghoorah is an Associate Lecturer at Western Sydney University’s School of Business. Ushi researches disclosures in the NFP space and specializes in the financial disclosures, governance and accountability of NFP organisations. She has a PhD which examined ‘Factors influencing the extent of accounting disclosures made in the annual reports of publicly reporting Australian not-for-profit organisations’.
Her current research projects include exploring people’s perceptions to the financial disclosures, the influence of various factors on financial disclosures and the relationship between governance boards and financial transparency of Australian NFP organisations. She is closely involved with the CPA (Australia)’s NFP Discussion group and is also an advisory panel member for the Australian Accounting Standards Board (AASB).
Connecting Up is a part of the Infoxchange Group
Infoxchange is a not-for-profit social enterprise that has delivered technology for social justice for over 25 years.
With over 100 staff across Australia and New Zealand we tackle the biggest social challenges through the smart and creative use of technology.
Delivery & Length:
This live webinar consists of 1 session running for 1 hour.
Each webinar will include a comprehensive presentation and group discussion/Q&A. The slides, video recordings and any templates applicable will be available after each session.
Not available on this date and time? Register anyway! All webinar registrants will receive a full recording and the slides after the webinar has been presented.
Course Information:
The session will primarily focus on AASB 15 Revenue from contracts with customers and AASB 1058 Income of Not-for-Profit Entities and, the new accounting standards which have become effective from 1 January 2019. These standards represent significant changes to income and revenue recognition by NFP organisations.
What is not included in the program?
The course will only interpret the standards in ‘layman’s term’. It would not teach how to prepare financial records and reporting.
Course Outcomes:
By the end of this webinar your organisation will have:
- An awareness of the accounting standards which have been revamped,
- A general understanding of the reporting requirements expected under these revised standards, and
- An appreciation of why it is important to adopt the changes in the accounting standards.
Audience
What to expect from the new not-for-profit (NFP) accounting standards is suitable for:
- All reporting NFP organisations
- NFP organisations, irrespective of size, which publishes some form of financial information to their stakeholders
NFPs with an interest in financial reporting and disclosures.
About the Presenter:
Dr. Ushi Ghoorah
Ushi Ghoorah is an Associate Lecturer at Western Sydney University’s School of Business. Ushi researches disclosures in the NFP space and specializes in the financial disclosures, governance and accountability of NFP organisations. She has a PhD which examined ‘Factors influencing the extent of accounting disclosures made in the annual reports of publicly reporting Australian not-for-profit organisations’.
Her current research projects include exploring people’s perceptions to the financial disclosures, the influence of various factors on financial disclosures and the relationship between governance boards and financial transparency of Australian NFP organisations. She is closely involved with the CPA (Australia)’s NFP Discussion group and is also an advisory panel member for the Australian Accounting Standards Board (AASB).
Connecting Up is a part of the Infoxchange Group
Infoxchange is a not-for-profit social enterprise that has delivered technology for social justice for over 25 years.
With over 100 staff across Australia and New Zealand we tackle the biggest social challenges through the smart and creative use of technology.