What to expect from the new not-for-profit (NFP) accounting standards

Activity: Engagement and ConsultancyIndustry engagement

Description

Dr Ghoorah has delivered professional development sessions and webinars on financial reporting reforms for not-for-profit organisations, focusing on the implementation of AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities. These sessions provide clear, practice-oriented explanations of the accounting standards that came into effect from 1 January 2019, highlighting their significant implications for income and revenue recognition in the NFP sector. Presented in accessible, non-technical language, the sessions aim to build organisational awareness of revised reporting requirements and the importance of timely adoption. Participants gain a general understanding of the revamped standards and their impact on transparency and stakeholder accountability. The program is designed for NFPs of all sizes that prepare or publish financial information, supporting improved governance and financial communication across the sector.
Period2019
Work forConnecting Up (Australia) , Australia
Degree of RecognitionNational