Exposure Draft 2

INPAG Exposure Draft 2 is open for public comment until 15 March 2024.

Overview

An ‘Exposure Draft’ is proposed text for the Guidance, shared for public comment and feedback. This short video provides an overview of the structure and key topics addressed in International Non-Profit Accounting Guidance, Exposure Draft 2 (INPAG ED2).

 

 

 

 

Click here to view in English, or click ‘Youtube’ to see the playlist for versions in Spanish and French.

View Exposure Draft 2

Download all or part of Exposure Draft 2 as pdf files, using the links below.

Webinars

We recently concluded a series of 7 free webinars on the topics addressed in Exposure Draft 2 in November 2023. 

You can find the recordings here

 

 

 

Explainer videos

Access explainer videos from our YouTube channel here:

  • Overview EN | ES | FR
  • Common model for grants revenue and expenses EN | ES | FR
  • Grant expenses EN | ES | FR
  • Revenue from grants and donations EN | ES | FR
  • Donations in-kind EN | ES | FR
  • Inventories EN | ES | FR
  • Foreign currency translation EN | ES | FR
  • Other topics in ED2  EN | ES | FR

Translation

The IFR4NPO Project is keen to hear feedback from relevant stakeholders, not limited to those who are fluent in English. Regrettably we are not in a position to provide the full Exposure Draft text in languages other than English at this time. The reasons relate to i) the Licensing agreements in place ii) the availability of official translations of source text from other standards, iii) availability of resources, and iv) the capacity of the project team to check translations, while also developing material in English for Exposure Drafts 2 and 3, due for release in 2023.

Please also note that licensing arrangements between CIPFA, the IFRS Foundation and IFAC for the use of content from IFRS and IPSAS standards, mean that individuals or organisations may not publish their own unofficial translations, as it would be in breach of copyright.

To mitigate these challenges, the project will provide the following resources in Spanish and French, which will be added in the coming weeks.

  1. A short video providing an overview of Exposure Draft 2;
  2. The Invitation to Comment, including a comprehensive summary and the questions;
  3. A document providing agreed translations for key terms in INPAG;
  4. Explainer videos covering the key proposals;
  5. Multi-lingual webinars on the key topics in November 2023; and
  6. Template response documents.

A team of Spanish and French speaking accountants have volunteered their services to support the project in these translation efforts, and we are truly grateful. It is possible that some translation errors or inconsistencies may arise in our materials or communications, for which we apologise.

 

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