How should financial statements be presented to help understanding of an NPO’s activities (e.g. material categories of income and expenditure and/or transactions)? How can this support donor reporting requirements? How should restricted funds, which can only be used for specific purposes be presented in the financial statements? Should there be disclosure of the main types of restrictions, their nature and impact on funding available for day to day activities? How should reserves be disclosed?
The Consultation Paper material for this topic is under development.
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