2019 Changes and Updates to NFP financial reporting
- Robert Crowe
- Jul 9, 2021
- 1 min read
As the end of the financial year approaches and boards start thinking about results, financial reporting and auditing.
Our speaker for June, HLB Mann Judd’s Aidan Smith, Partner Audit and NFP specialist, gave us a high level view of changes to accounting standards which came into effect on January 1st this year.
These new rules may significantly change how your organisation recognises income, and when it recognises that income, and how it accounts for leases, incorporating significant changes to assets and liabilities recorded on your balance sheet.
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