The New Simplified Disclosures Accounting Standard: AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-For-Profit Tier 2 Entities.
Carmen Ridley, a Member of GAAP Consulting Network, Principal of Australian Financial Reporting Solutions, and a former member of the Australian Accounting Standards Board, will provide an overview of the new Simplified Disclosures Accounting Standard that applies to NFPs for annual reporting periods beginning on or after 1 July 2021, with early application permitted.
Recent Financial Reporting Developments
Also, get up to date with the latest AASB Staff FAQs relevant to NFPs including the following Accounting Standards:
- AASB 15 Revenue from Contracts with Customers
- AASB 1058 Income of Not-for-Profit Entities
- AASB 16 Leases
If you are unable to attend the live webinar, a recording will be made available.