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Not-for-profit Financial Reporting Update

16 July 2020

BDO Partners, Clark Jarrold and Anthony Whyte, hosted out mid-year not-for-profit financial reporting update where they discussed key areas impacted by COVID-19, including:

  • Impairment of assets
  • Modifications to leases
  • Accounting for government assistance
  • Going concern assumptions.

They also discussed the transition to new revenue standards AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities, as well as AASB 16 Leases.

Related webinar

Brisbane - General Financial Reporting Update