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Workshop
Not-for-profit Financial Reporting Workshop
Make your financial reporting tasks easier and more informed. Invest in this workshop to participate via online or in person.
Sydney & Online
Wednesday, 22nd November Live Webinar | Thursday, 23rd November Sydney Workshop
Thomson Reuters is pleased to announce the 2023 Not-For-Profit Financial Reporting Workshop which has been designed to make your financial reporting tasks easier, by being informed and prepared.
Join David Sauer and Sonya Sinclair live at the workshop to be held in Sydney on 23 November or if you are unable to attend in person, invest in the pre-recorded online sessions and live “Answer your questions” webinar on the 22nd of November
Self-Study Live webinar
In early November you’ll receive links in to 3 x 1.5 hour self-study modules to work through as you have time. Then attend our live webinar where you can put your questions to our subject experts.
Topics covered will include:
- New and amended accounting standards, interpretations and agenda decisions relevant to NFPs
- Remuneration and related party disclosures – which parts apply to which types of entities (includes charity special purpose reports)
- Assessing whether rising interest rates affect your financial statements
- The AASB’s progress on removing special purpose statements for NFPs and appropriate actions to take now
- Dealing with issues that feature in NFP lease agreements
- Latest commentary on applying the accounting standards on revenue and grants / contributions
- Assessing where climate and sustainability reporting applies to NFPs
- Issues reported by NFPs from applying AASB 1060 Simplified disclosures
Whether you work with the finance function of a not-for-profit entity, or are an accountant in practice or an auditor, join us at this highly interactive workshop and gain clarity on some of the more challenging areas of financial reporting.
Who will benefit from this workshop:
- You’ll see what to do, as well as understand the how and why
- Interactive – have your questions answered whether you are in person or remote
- Be prepared: adapt our templates to generate information auditors will seek
- Topics illustrated with journals and financial statement disclosures
- Disclosure checklists updated for latest changes
- Practical commentary that helps you address a problem area with sensible perspective
- Highlights important areas that may not be clear just from model statements or checklists
- 6.5 CPD hours
The program provides a “how-to” focus on accounts preparation suitable for:
Preparers of not-for-profit entity financial statements, auditors, financial controllers, financial accountants, finance managers, partners and staff of accounting practices, treasurers and secretaries with annual report responsibilities, agencies and regulators receiving financial information from NFPs
For more information, please email us at eventsanz@thomsonreuters.com or call us +61 2 9171 9768.
Date & Location
Live Webinar:
Wednesday, 22nd November Live Webinar
Sydney:
Thursday, 23rd November Sydney Workshop
Time
8:30am - 4:30pm AEST
Cost
Face to face Sydney Workshop:
[ Early bird ] $675 + GST*
[ Full price ] $775 + GST
Self Study Live Webinar:
[ Early bird ] $535 + GST*
[ Full price ] $635 + GST
6.5 CPD points
* Save $100. Early bird closes 31 October 2023
Program
Self-study online program
Self-study recording 1
Changes and developments affecting 2023 statements
- Changes in laws and standards affecting different types of NFPs
- Impacts of wage increases and legislation changes
- The new ATO lodgement of self-assessed income tax status for non-charity NFPs
- Sustainability disclosures
- The proposed Tier 3 NFP reporting framework – what should you be doing now?
Self-study recording 2
Presentation and disclosure: issues and examples
- Related parties and remuneration
- Revenue disclosures
- Contingent liabilities – items arising from contracts
Self-study recording 3
Issues applying standards in NFP statements
- Accounting for grants and donations
- Fair value – accounting and audit procedures in the years between valuations
- Applying impairment assessments to common NFP situations
- Leases – buyback options with outsourced management contracts
Live webinar
Your questions answered
Your presenters will work through:
- Presubmitted questions arising from your viewing of the 3 recordings
- Questions asked live by webinar attendees
- A selection of questions and issues addressed in 2023
Workshop agenda
| 8:30AM | Overview – what’s new and where to focus
Reporting impacts of wage rises and changes in employment laws
The new ATO lodgement of self-assessed income tax status for non-charity NFPs
Proposed replacement of special purpose option with Tier 3 of accounting standards – what should you be doing now |
| 10:15AM | Morning tea |
| 10:45AM | Related parties and remuneration disclosure - First-time mandatory application to charity special purpose statements
Sustainability disclosures for NFPs |
| 12:30AM | Lunch |
| 1:30PM | NFP Income
Asset accounting |
| 2:45PM | Afternoon tea |
| 3:00PM | Leases: Outsourced management contracts, buyback options and other examples of NFP lease questions we’ve been asked
|
| 4:30PM | Close |
Workshop leaders
David Sauer
B. Com., FCA, Principal
David Sauer, Chartered Accountant
David is an independent consultant specialising in external reporting and audit. He has provided practical professional development for accountants across Australia for over 30 years.
He worked for 11 years with Deloitte and then Moore Stephens, where he was involved with writing model financial statements. His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of differing backgrounds.
David is able to draw on a wide range of circumstances to present training, including cases drawn from the technical advice he provides to accountants and directors of entities large and small.
Sonya Sinclair
Director
Eco Risk & Consulting
Sonya has over 20 years of financial reporting and auditing experience with exposure to the Not-For-Profit sector, ASX-listed entities, large-companies, Government agencies and Auditor-General Departments.
As an independent advisor, Sonya specialises in practical application and technical aspects of financial reporting and auditing to professional accountants. Presenting at conferences and workshops, to shareholders, preparers of financial reports, accountants, and auditors across recent developments in financial reporting, auditing and ethics, she provides clarity and a deep understanding of the requirements.
Sonya also provides tailored training and development to professional accountants and auditors to enable them to continuously improve and keep up-to-date with key changes.