About this E-Learning Course
AASB 1058 Income of Not-for-Profit Entities establishes principles for how a not-for-profit entity accounts for transactions where the consideration to acquire an asset is significantly less than fair value principally to enable a not-for-profit entity to further its objectives, and volunteer services received.
This course provides an overview of how a not-for-profit entity applies the principles set out in the standard for:
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Volunteer services received
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The recognition and measurement of an asset received
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Accounting for the construction or acquisition of non-financial assets
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The recognition and measurement of the ‘credit’ side of the entry as either a contribution from owners, a lease, a financial instrument, a provision, as revenue in accordance with the requirements of AASB 15 Revenue from Contracts with Customers, or as other income
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Presentation and disclosure.
Course curriculum
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1
Income of Not-For-Profit Entities
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Welcome!
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Income of Not-For-Profit Entities
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How this course can help your business
Meet your course instructors
IFRS Instructor
Aletta Boshoff