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An initiative to develop the world’s first internationally applicable financial reporting guidance for non-profit-organisations.
IFR4NPO Team
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INPAG
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Exposure Draft 2
INPAG Exposure Draft 2 is open for public comment until 15 March 2024.
Exposure Draft 1
The first Exposure Draft of INPAG was open for public comments until 31 March 2023
Consultation Paper
View the Consultation Paper and the responses received
Have your say
Your opportunity to shape the future of financial reporting for non-profit organisations.
TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
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Supporters
This initiative is for the sector by the sector and wouldn’t be possible without the support and financial backing of stakeholders from around the globe.
Country Champions
The project's Country Champions engage influential stakeholders so that they contribute to the development process, and gain confidence to adopt or align to it.
Technical Advisory Group (TAG)
The TAG provides advice on the development of the guidance from a technical standard setting perspective.
Practitioner Advisory Group (PAG)
The PAG provides advice on the development of the guidance from a practitioner perspective.
Around The World
The project's regions and focus countries have been identified to effectively target resources and engagement efforts.
Global Ambassadors
The project's Global Ambassadors seek support for the project objectives across their networks, provide feedback on key issues and promote the use of the Guidance.
Donor Reference Group
It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
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Accounting and Reporting Issues
There are a number of sector specific accounting issues for non-profit organisations.
Financial Statements
See example NPO financial statements from around the world.
Non-English Resources
The IFR4NPO project aims to provide more content and resources in French, Spanish and Arabic to support greater engagement
FAQs
Frequently asked questions.
Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.

Grant expenses

Grants and donations are made by non-profit organisations (NPOs) to other NPOs and service recipients.

Accounting and Reporting Issues
Issue

What is the issue?

When NPOs make grants, when should the expense be recognised, particularly if the grantee has to meet certain criteria to be entitled to it? When does a promise create a liability?

Register for our free webinar on this topic on 9 November here.

This video (November 2023) explains the proposals for Grant Expenses in INPAG ED2. Click on ‘Watch on YouTube’ to view in French and Spanish.

Deep dive

Watch this video to learn more about:

  • Two categories of grant for accounting purposes
  • The importance of rights and obligations of grantors and grantees in accounting for grants
  • When grant making NPOs should recognise expenditure on grants
  • Practical implications for grant agreements and monitoring arrangements

To read the latest proposals for accounting for grant expenses, read the International Non-Profit Accounting Guidance (INPAG) Exposure Draft 2, Section 24: available here.

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Have your say

Webinar resources

Check out these video extracts from our 2021 webinar exploring issues and options relating to on Grant expenses, and view all the resources here.

Financial reporting challenges
Grant expenses alternatives
ResourcesAccounting and Reporting IssuesFinancial Statements
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