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
- inventories
- assets received for nil or nominal consideration
- consolidated financial statements
- revaluation of property, plant and equipment and intangibles
- impairment of assets
- 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.
