Financial reporting for non-profit Co's and NPO's

This CPD covers the following topics: •Overview of the financial reporting requirements for non-profit companies under the Companies Act, 2008 and Companies Regulations, 2011 - Different reporting frameworks for different categories of companies.
- Public interest score:

•Financial reporting requirements of the Non-Profit Organisations Act, 1997
•The purpose of financial reporting
•The implications of IFRS and IFRS for SMEs on non-profit companies
•Conceptual Framework for Financial Reporting
•Discussion of "best practice" for non-profit companies (considering IFRS, IFRS for SMEs and guidance of other standard setters).
This discussion will focus on the following aspects: 1.Presentation - General presentation of general-purpose financial statements under the different financial reporting frameworks
- Deviation from IFRS/IFRS for SMEs, where applicable
- Presentation of different activities (segments)

2.Assets - Expenditure as assets or expense
- Assets received for no consideration
- Recognition of depreciation
- Impairment of assets
- Investment properties held to provide social services
- Special consideration for heritage and similar assets

3.Income and expenses - Recognition of income, contributions and donations
- Recognition of restricted income and donations
- Recognition of government grants and subsidies
- Fund accounting vs. IFRS/IFRS for SMEs
- Creation of reserves and funds
- Recognition of fair value adjustments on items in financial statements

Date: 22 October 2012
Time: 08:00 - 13:00
Venue: Lord Charles Hotel, Cape Town
Cost: From R650

Date: 31 October 2012
Time: 08:00 - 13:00
Venue: Riverside Hotel, Durban
Cost: From R650

Date: 01 November 2012
Time: 08:00 - 13:00
Venue: Wanderers Club, Johannesburg
Cost: From R650