Upcoming Training

Accounting for Not-For-Profit Entities - Government Grants

Accounting for Not-For-Profit Entities - Government Grants

Price (incl GST)
Institute members single price $123.75
Non-Members single price $140.25

ePass discounted rates - find out more.

All delegates must be registered to be able to participate in training and to be eligible to receive qualifying hours




This interactive session will review the accounting requirements for Not-For-Profit entities specifically in the area of Government grants. The session will use practical case studies and examples and cover:

  • Requirements of AASB 1004 Contributions

  • Revenue recognition and measurement of contributions in accordance with the standards

  • Determination of appropriate revenue recognition policies

  • Differentiation of ‘reciprocal’ and ‘non-reciprocal grants’

  • Conditions that must be satisfied before grant revenue is recognised in the profit and loss

  • How to disclose government grants in the financial report



Presenter

Andrew Archer
Audit & Assurance Services
Grant Thornton Australia Limited