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Nov 24, 2021 / News
Financial Reporting Changes for Charities
The financial reporting thresholds for charities reporting to the Australian Charities and Not-for-profits Commission (ACNC) have now been increased, providing relief to thousands of charities, whilst also requiring Key Management Personnel remuneration and related party disclosures. Read more
Nov 04, 2021 / News
Financial Reporting Developments - Spring 2021
This Financial Reporting Development explains the AASB’s project to address the future of financial reporting for NFP entities and other developments affecting the sector. Read more
May 05, 2021 / News
Not-for-Profit Newsletter | Edition 8
This edition covers a number of financial reporting matters including commentary on the lodgement of incomplete financial reports, proposed changes to reporting thresholds, and ACNC best-practice disclosures. Read more
Jan 28, 2021 / News
Not-for-Profit Newsletter - Edition 7
Welcome to the newest edition of our Not-for-Profit Newsletter. Please feel free to contact us if you have any questions about the content of this Newsletter. Read more
Nov 11, 2020 / News
Not-for-Profit Newsletter - Edition 6
This edition has a continued focus on the impacts on the current COVID-19 pandemic with articles on the impact on board practices and guidance on reporting. Read more
Jul 27, 2020 / News
Not-for-Profit Newsletter - Edition 5
This edition of our Not-for-Profit Newsletter has a particular focus on the impacts on the current COVID-19 pandemic and includes details of the resultant amendments to the lease accounting standard, considerations for going concern assessments, the approach of regulatory bodies, and accounting for government support. Read more
Apr 28, 2020 / News
COVID-19 Stimulus and Support Measures for NFP’s
We have summarised the COVID-19 related stimulus and support measures that are available for Not-for-Profit (NFP) entities. Read more
Apr 23, 2020 / News
Not-for-Profit Newsletter - April 2020
The current climate has tested many organisations and we understand that many of you may need assistance navigating your way through the changes. We encourage all of our clients to reach out to their Nexia Edwards Marshall Advisor so that we can assist you during this time. Read more
Mar 24, 2020 / News
AASB approves removal of Special Purpose Financial Statements
From 1 July 2021, for-profit entities preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will not be permitted to prepare Special Purpose Financial Statements (“SPFS”). At the same time, the existing Tier 2 Reduced Disclosure Regime (“RDR”) will be replaced by new Tier 2 disclosure requirements. Read more
Feb 26, 2020 / News
New disclosure requirements for Not-For-Profit entities preparing SPFS
For financial years ending on or after 30 June 2020, certain not-for-profit (NFP) entities preparing special purpose financial statements (SPFS) will need to include new disclosures in their financial statements regarding their compliance with the recognition and measurement (R&M) requirements of Australian Accounting Standards (AAS). Read more
