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AASB Outreach: Australian Reporting Framework – Charities (Melbourne)

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Rattigan Rooms – Productivity Commission

Tower Level 12

530 Collins Street

Melbourne, Vic 3000

Australia

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Description

This AASB Outreach Session aims to facilitate discussion on how to improve the charity financial reporting framework and help participants prepare for submissions to the ACNC legislation review, starting 3 December 2017. The AASB Discussion Paper: Improving Financial Reporting for Australian Charities (and supporting appendices) will be used to generate conversation and discussion around the type and nature of improvements required.

Please come prepared to contribute your experiences, ideas and proposals to the discussion. The sessions will be run as an open discussion of each matter listed below with interactive open discussion. There will be time at the end to discuss matters which may not have been specifically addressed in the items.

Agenda


Welcome and introduction – AASB Chair Kris Peach
Project Overview

1. Case study: You are a new CEO/CFO coming into a charity. What do you need to consider with regard to financial reporting?

  • What do you need to report?
  • Who do you report to?
  • What are the government requirements?

2. What are the key issues with the current financial reporting framework for charities?
What do you identify with the most as an issue that applies to you?

3. What is a good framework? What components make up a good framework? Consider:

  • criteria to determine who reports
  • thresholds representing the criteria
  • types of GPFS
  • thresholds to differentiate when to prepare each GPFS.

4. How can the financial reporting framework be improved?
Do you agree that these will address the issues you’ve identified?

5. What do you think the framework ideally should do?

  • Illustrative frameworks from the Discussion Paper
  • Do you agree with any of the options in their entirety?
  • What elements do you agree or disagree with?

6. Other matters.

Close.



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Date and Time

Location

Rattigan Rooms – Productivity Commission

Tower Level 12

530 Collins Street

Melbourne, Vic 3000

Australia

View Map

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