One of the stated aims of the IFR4NPO Project is to improve the comparability of Non-Profit Organisations’ general purpose financial reports (in other words, an their annual audited accounts).
But NPOs have so many different reasons for existing, and are so different from each other – is this even possible or advisable? In the businesses world, readers of financial reports might compare profitability or return on investment for companies in similar sectors. But these measures are usually not relevant in the non-profit sector.
What aspects of NPO financial reports, if any, do you think it might be useful to compare between entities, assuming they were all prepared on the same basis?