View this short video to find out more. Click on the video to view in full screen.
What is the issue?
The Consultation Paper has a core premise that the Guidance will be for financial statements prepared on an accrual basis for reasons explained. But some donors require cash basis reports and some NPOs may lack capacity.
Watch this explanatory video to find out more. Click on the video to view in full screen.
To get a more in depth understanding of our thinking about accounting basis, read the IFR4NPO Consultation Paper Part 1: Chapter 3 available here