Virtual roundtables: ED 338 – Application of AASB 18 by NFP entities and universities

Wednesday, January 14, 2026

Join us for a collaborative roundtable exploring the suitability of AASB 18 Presentation and Disclosure in Financial Statements for NFP private sector entities and universities preparing Tier 1 GPFS. We will also discuss the proposals in ED 338 Application of AASB 18 and AASB 107 by Superannuation and Not-for-Profit Entities and Operating Cash Flow Reconciliation which would provide certain relief from AASB 18 requirements for NFP public sector entities preparing Tier 1 GPFS. 

Key changes introduced by AASB 18 

AASB 18 introduces significant updates in how NFP entities present and disclose financial information. In summary, the standard introduces new: 

• Categories for income and expenses (operating, investing and financing) and requires new subtotals such as operating profit or loss. 

• Principles in presenting operating expenses. 

• Disclosures for management-defined performance measures. 

Use of AASB 18 for NFP entities also results in amendments to AASB 107 Statement of Cash Flows, including: 

• Revised classification of interest and dividend cash flows for entities whose main business activities do not involve investing or providing financing. 

• A requirement to use the operating profit or loss subtotal as the starting point for the indirect method of reporting operating cash flows. 

Proposals in ED 338

ED 338 proposes that for Tier 1 GPFS: 

• NFP private sector entities and universities would apply AASB 18 in full (with some application guidance). 

• NFP public sector entities would have accounting policy choices for certain AASB 18 requirements. 

We are hosting two virtual roundtables to seek feedback on the key topics in ED 338: 

Virtual roundtable for NFP entities (excluding universities) 

18 February 2026 10:30am–12:30pm AEDT 

To discuss the suitability of AASB 18 for NFP private sector entities preparing Tier 1 GPFS, and proposals in ED 338 that would provide accounting policy choices on certain AASB 18 requirements for NFP public sector entities preparing Tier 1 GPFS. 

Click here to register. 

Virtual roundtable for universities 

27 February 2026 1:30pm–3:30pm AEDT 

To discuss the suitability of AASB 18 for universities. 

Click here to register. 

Who should attend  

Preparers, users, auditors and regulators involved in Tier 1 NFP entity financial statements across both the public and private sectors. 

Participants are encouraged to have read AASB 18 and ED 338 before the roundtable, reflect on key issues and come ready to share their perspectives and suggestions. 

ED 338 also proposes certain reliefs from AASB 18 requirements for entities preparing financial statements under AASB 1056 Superannuation Entities. If you would like to discuss the proposals relating to superannuation entities, please contact [email protected].