This short 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
assets received for nil or nominal consideration
consolidated financial statements
revaluation of property, plant and equipment and intangibles
impairment of assets
This one hour online course forms part of the FastClass short course suite.
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
This course is suitable for those accounting and finance professionals who are responsible for reporting in the not-for-profit sector.