Exposure Draft 2

INPAG Exposure Draft 2 will be open for public comment from 26 September 2023 to 15 March 2024.

Overview

A short video, coming soon, will provide an overview of the structure and key topics addressed in International Non-Profit Accounting Guidance, Exposure Draft 2 (INPAG ED2).

 

 

 

 

View Exposure Draft 2

On launch day there will be links to download the following pdf copies. 

  • Invitation to comment including a summary in EN | ES | FR
  • Authoritative Guidance (including Application Guidance)
  • Basis for Conclusions 
  • Implementation Guidance and illustrative examples
  • Full document 

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:

  1. A short video providing an overview of the Exposure Draft
  2. A translation of the Invitation to Comment, including a comprehensive summary and the questions (see above)
  3. A document providing agreed translations for key terms in INPAG
  4. Explainer videos covering the key proposals relating to the key themes below. See YouTube playlists in EN | ES | FR
    • Common model for grants and donations revenue and expenses
    • Revenue from grants and donations
    • Donations in-kind
    • Grant expenes
    • Inventory
    • Foreign exchange translation
    • Other topics in ED2

We will also held multi-lingual webinars on the above topics in November 2023.

Exploring the topics

Follow the links to see further resources about some of the topics addressed in ED2

Webinars and videos

We will hold a series of 7 free webinars on the topics addressed in Exposure Draft 2 in November 2023, supporting participation in English, Spanish, and French. 

Look out for 8 explainer videos we will be issuing in English, Spanish and French. They will be available on the website, and on our YouTube channel.

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