Events
28
July 2021
Asia & Oceania: 04-07am UTC (11AM Perth, Australia)
04:00 - 07:00
28
July 2021
Europe & Africa: 09-12pm UTC (11am Germany / South Africa)
09:00 - 12:00
28
July 2021
Americas: 2-5pm UTC (10am EST Eastern Standard Time)
14:00 - 17:00

Exploring grant expenses and NPOs acting on behalf of other entities: IFR4NPO Consultation

Event Overview

This event is part of our series of events taking a closer look at accounting and reporting issues specific to the non-profit sector as outlined in Part 2 of the Consultation Paper issued on 28 January.

The event is free and online in English.

The same event will be run in three sessions at time slots convenient for stakeholders in different regions and time zones. You can see the times of the sessions in the boxes opposite. Participants are welcome to attend any of the sessions.

Who should attend?

  • Local and international NPOs (NGOs and other non-profits) – senior finance staff & treasurers
  • Donors – involved in due diligence
  • Auditors (external auditors who give an opinion on financial reports)
  • Sector regulators and standard setters
  • Accountancy bodies

What topics will be discussed?

We will be addressing the following two topics:

1. Grant expenses

Grants are made by non-profit organisations (NPOs, ie NGOs and others) to other NPOs and service recipients. When NPOs make grants, when should the expense be recognised, particularly if the grantee has to meet certain criteria to be entitled to it? When does a promise create a liability?

2. NPO acting on behalf of other entities

Non-profit organisations (NPOs, ie NGOs and others) can work with funders to pass on cash and/or assets to other entities. If an NPO receives cash or assets to pass to another entity, is the NPO acting as agent or principal, making its own decisions? What implications does this have for the financial statements?

Here are additional resources and videos relating to Grant expenses and NPO acting on behalf of other entities.

Supporting accessibility

Closed captions: automated closed captioning will be activated in English.

Translation: we have the technical capability to add separate audio channels for simultaneous translation into different languages.  We do not, however, have funding or contacts to engage translators. If you would like to discuss how the event might be translated into your language, please contact info@ifr4npo.org.

Sign language: If you would like to provide a sign language interpreter, we can ensure the interpreter’s camera is visible alongside the presenter.

Presentation file: if you would like to receive the presentation file in advance, please contact info@ifr4npo.org.

Please contact info@ifr4npo.org in case of any query.

Revenue & inventory: IFR4NPO Consultation

Presentation of financial statements & narrative reporting: IFR4NPO Consultation

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