Mentoring for NFP treasurers

In partnership with Pro Bono Australia, we now offer qualified CPA Australia members the opportunity to add value to their community through the Mentor the Treasurer program. Through this unique program, qualified CPAs volunteer their time and expertise to mentor treasurers of small not-for-profit organisations

To find out more and to register as a mentee or mentor, visit Mentor the Treasurer.

Podcasts

Australian Charities and Not-for-profits Commission – the 2017 annual information statement

Provides an overview of the information that is requested through the revised annual information statement (AIS), what the changes are and what the ACNC’s expectations are when charities complete and submit the AIS.

Guides

Reporting

Not-for-profits: What you need to know about the new accounting standards on revenue/income recognition (PDF), 2017

The new accounting standards AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-profit Entities become effective for accounting periods commencing on or after 1 January 2019. This Q&A transcript discusses the implications of the change.

Companies limited by guarantee and incorporated associations: Reporting and audit / review obligations (PDF), 2016

This guide provides a summary of financial reporting and audit/review requirements as set out in the Corporations Act 2001 (applicable to companies limited by guarantee) and each state and territory’s incorporated association legislation.

A guide to understanding the financial reports of not-for-profit-entities (PDF), 2014

This guide is intended for the external users of financial statements prepared by not-for-profit (NFP) entities in Australia, such as members of NFPs, donors and funding providers. In addition, the management and employees of NFPs may also find the guide useful. The guide will assist users to better understand the content of the financial statements and other accompanying documents of NFPs.

Charities: A guide to financial reporting and assurance requirements (PDF), 2013

This guide explains the statutory financial reporting and assurance obligations applicable to registered charities, and provides guidance on the relevant requirements applicable to members involved in the preparation of charity financial reports or involved in the conduct of audit and review of charity financial reports.

Valuation and depreciation: A guide for the not-for-profit and public sector under accrual based accounting standards (PDF), 2013

This guide has been specifically developed to provide guidance with respect to the valuation and depreciation of public sector assets in accordance with the requirements of the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) or their jurisdictional equivalents, such as Australian Accounting Standards (AASB). The focus is directed towards not-for-profit public sector entities, such as those that provide public or community infrastructure, rather than commercialised business units that are operated as for-profit entities.

Management 

Internal controls for not-for-profit organisations (PDF), 2011

This guide is designed for managers, board members, advisory boards and management committees of NFPs who want to, through the adoption of sound internal controls, have financially healthy organisations. 

Financial management of not-for-profit organisations (PDF), 2012

Although profitability is not the core purpose of an NFP, it is necessary to ensure that the NFP is sustainable, properly capitalised and funded. It would be fair to say that NFPs need to ensure they have adequate cash flow to support their operations over the duration of their lives and contribute to achieving their goals. This guide has been produced to assist in the implementation of sound financial management practices to make certain that the social objectives of the community organisation are met.

Library resources

The following titles are available for members: