Quantcast
Subscribe to our newsletter

 

 

'Potential accounting changes' triggered in new standards

An accounting network has flagged the potential impact of some new accounting standards’ fine print relating to not-for-profit entities, despite many believing the standards do not apply to their clients or clients’ activities.

'Potential accounting changes' triggered in new standards
smsfadviser logo
  • Shared by AccountantsDaily
  • February 21, 2018
share this article

Speaking to Accountants Daily, Nexia Australia technical director, Martin Olde, said NFPs needed to be careful with the new standards, namely AASB 1058 Income of Not-for-Profit Entities, AASB 9 Financial Instruments and AASB 15 Revenue from Contracts with Customers, and AASB 16 Leases.

Read the full article on Accountants Daily.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles