This course introduces you to the Australian Accounting Standards and how those standards apply to not-for-profit entities. You will also explore some specific not-for-profit requirements in the Australian Accounting Standards, including:

  • contributions and disclosures
  • the statement of cash flows
  • inventories
  • assets received for nil or nominal consideration
  • consolidated financial statements
  • revaluation of property, plant and equipment and intangibles
  • assessing the value-in-use of an asset for impairment purposes
  • investment properties

This one hour online course forms part of the FastClass short course suite.

Learning objectives

  • Identify the not-for-profit elements relating to those standards which cover for-profit and not-for-profit entities
  • Discuss the accounting requirements contained within the Australian Accounting Standards that apply to not-for-profit entities

Audience

This course is suitable for those accounting and finance professionals who are responsible for reporting in the not-for-profit sector.

365 Days

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