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
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
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.