Events
25
August 2021
Asia & Oceania: 04-07am UTC (11AM Perth, Australia)
04:00 - 07:00
25
August 2021
Europe & Africa: 09-12pm UTC (11am Germany / South Africa)
09:00 - 12:00
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25
August 2021
Americas: 2-5pm UTC (10am EST Eastern Standard Time)
14:00 - 17:00

Exploring reporting entity and assets: 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. Reporting entity and control (including branches)

Non-profit organisations (NPOs) may operate with branches, with other entities or through separate divisions. When should an activity be included within or excluded from the financial reports of an NPO? Should branches be accounted for as part of an NPO? How is control of another entity determined?

2. Measurement of non-financial assets held for social benefit

Assets are held by non-profit organisations for their ability to deliver to service recipients, rather than to generate return. How should assets that are held for their value to the organisation in delivering services be measured, both initially and subsequently? What if the asset is donated and how is valuation impacted if the asset has to be returned? If an asset that is being held for its service potential (e.g. does not generate any income, or income at below market rate) is impaired, how is the impairment calculated? When an impairment has been recognised, what disclosures should be made?

There are additional resources and videos relating to reporting entity and assets for service benefit here.

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.

Presentation of financial statements & narrative reporting: IFR4NPO Consultation

Classification of expenses & fundraising costs: IFR4NPO Consultation

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