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Not-for-profit Financial Reporting Workshop

Make your financial reporting tasks easier and more informed. Invest in this workshop to participate via online or in person.

Sydney  & Online

Wednesday, 22nd November Live Webinar | Thursday, 23rd November Sydney Workshop

Thomson Reuters is pleased to announce the 2023 Not-For-Profit Financial Reporting Workshop which has been designed to make your financial reporting tasks easier, by being informed and prepared.

Join David Sauer and Sonya Sinclair live at the workshop to be held in Sydney on 23 November or if you are unable to attend in person, invest in the pre-recorded online sessions and live “Answer your questions” webinar on the 22nd of November

Self-Study Live webinar

In early November you’ll receive links in to 3 x 1.5 hour self-study modules to work through as you have time. Then attend our live webinar where you can put your questions to our subject experts.

Topics covered will include:

  • New and amended accounting standards, interpretations and agenda decisions relevant to NFPs
  • Remuneration and related party disclosures – which parts apply to which types of entities (includes charity special purpose reports)
  • Assessing whether rising interest rates affect your financial statements
  • The AASB’s progress on removing special purpose statements for NFPs and appropriate actions to take now
  • Dealing with issues that feature in NFP lease agreements
  • Latest commentary on applying the accounting standards on revenue and grants / contributions
  • Assessing where climate and sustainability reporting applies to NFPs
  • Issues reported by NFPs from applying AASB 1060 Simplified disclosures

Whether you work with the finance function of a not-for-profit entity, or are an accountant in practice or an auditor, join us at this highly interactive workshop and gain clarity on some of the more challenging areas of financial reporting.

Who will benefit from this workshop:

  • You’ll see what to do, as well as understand the how and why
  • Interactive – have your questions answered whether you are in person or remote
  • Be prepared: adapt our templates to generate information auditors will seek
  • Topics illustrated with journals and financial statement disclosures
  • Disclosure checklists updated for latest changes
  • Practical commentary that helps you address a problem area with sensible perspective
  • Highlights important areas that may not be clear just from model statements or checklists
  • 6.5 CPD hours

The program provides a “how-to” focus on accounts preparation suitable for:

Preparers of not-for-profit entity financial statements, auditors, financial controllers, financial accountants, finance managers, partners and staff of accounting practices, treasurers and secretaries with annual report responsibilities, agencies and regulators receiving financial information from NFPs

For more information, please email us at eventsanz@thomsonreuters.com or call us +61 2 9171 9768.

Date & Location

Live Webinar:
Wednesday, 22nd November Live Webinar

Thursday, 23rd November Sydney Workshop


8:30am - 4:30pm AEST


Face to face Sydney Workshop:
[ Early bird ] $675 + GST*
[ Full price ] $775 + GST

Self Study Live Webinar:
[ Early bird ] $535 + GST*
[ Full price ] $635 + GST

6.5 CPD points

* Save $100. Early bird closes 31 October 2023


Self-study online program

Self-study recording 1
Changes and developments affecting 2023 statements

  • Changes in laws and standards affecting different types of NFPs
  • Impacts of wage increases and legislation changes
  • The new ATO lodgement of self-assessed income tax status for non-charity NFPs
  • Sustainability disclosures
  • The proposed Tier 3 NFP reporting framework – what should you be doing now?

Self-study recording 2
Presentation and disclosure: issues and examples

  • Related parties and remuneration
  • Revenue disclosures
  • Contingent liabilities – items arising from contracts

Self-study recording 3
Issues applying standards in NFP statements

  • Accounting for grants and donations
  • Fair value – accounting and audit procedures in the years between valuations
  • Applying impairment assessments to common NFP situations
  • Leases – buyback options with outsourced management contracts

Live webinar
Your questions answered

Your presenters will work through:

  • Presubmitted questions arising from your viewing of the 3 recordings
  • Questions asked live by webinar attendees
  • A selection of questions and issues addressed in 2023

Workshop agenda


Overview – what’s new and where to focus
Summary: Changes affecting charities, associations, companies limited by guarantee


Reporting impacts of wage rises and changes in employment laws
- Viability assessments
- Dependency / going concern disclosures


The new ATO lodgement of self-assessed income tax status for non-charity NFPs
- What are the various income exempt categories and their criteria?
- Tips and materials for smoothing the first-time process for NFPs
- Links to December 2023 financial statement disclosure


Proposed replacement of special purpose option with Tier 3 of accounting standards – what should you be doing now

10:15AM Morning tea

Related parties and remuneration disclosure

- First-time mandatory application to charity special purpose statements
- Frequent questions on who ae key management personnel and
- Examples of related party transactions in NFPs and how they may be disclosed
- What can be omitted
- What can be grouped
- When should related parties be named and dollars specified
- Non-monetary related party transactions that are sometimes forgotten


Sustainability disclosures for NFPs
- The new Sustainability Standards and proposed application 2024-2026
- What sustainability information must be considered under accounting standards, and what should be disclosed elsewhere, if at all?

12:30AM Lunch

NFP Income
- Examples of applying AASB 1058 / AASB 15
- Healthcheck income disclosures – tips for better presentation and compliance


Asset accounting
- Recap of how valuation and impairment rules apply to NFPs
- Fair value: appropriate steps in the years between formal valuations


Afternoon tea


Leases: Outsourced management contracts, buyback options and other examples of NFP lease questions we’ve been asked

Contingent liabilities arising from contracts and arrangements

Case study: review of marked-up suggested changes in 2023 financial statements



Workshop leaders

David Sauer 
B. Com., FCA, Principal
David Sauer, Chartered Accountant

David is an independent consultant specialising in external reporting and audit. He has provided practical professional development for accountants across Australia for over 30 years.

He worked for 11 years with Deloitte and then Moore Stephens, where he was involved with writing model financial statements. His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of differing backgrounds.

David is able to draw on a wide range of circumstances to present training, including cases drawn from the technical advice he provides to accountants and directors of entities large and small.

Sonya Sinclair
Eco Risk & Consulting

Sonya has over 20 years of financial reporting and auditing experience with exposure to the Not-For-Profit sector, ASX-listed entities, large-companies, Government agencies and Auditor-General Departments.

As an independent advisor, Sonya specialises in practical application and technical aspects of financial reporting and auditing to professional accountants. Presenting at conferences and workshops, to shareholders, preparers of financial reports, accountants, and auditors across recent developments in financial reporting, auditing and ethics, she provides clarity and a deep understanding of the requirements.

Sonya also provides tailored training and development to professional accountants and auditors to enable them to continuously improve and keep up-to-date with key changes.