Learn about the key requirements of AASB 1058, the new Australian Accounting Standard covering income of not-for-profit entities. This standard allows NFP entities to recognise liabilities for their obligations in a greater range of circumstances and overall represents a large step forward in accounting for NFP entities.
In April 2017 the AASB hosted a webinar to help constituants gain a high-level overview of the key requirements of AASB 1058 and how they apply.
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