Other topics in Exposure Draft 3
27:52
Fund accounting (Exposure Draft 3)
22:09
Пікірлер
@afonsecav
@afonsecav 3 ай бұрын
I find interesting the handling of the topic especially because it will give a true identity to the NPOs, which are confused and managed as SMEs without doing a thorough research work and therefore these present financial statements based on their projects. We look forward to know the results by 2025.
@mershayirdaw2875
@mershayirdaw2875 7 ай бұрын
Thank you
@joharris2705
@joharris2705 8 ай бұрын
Thank you for this. It helped answer my questions around restricted grants and how they fit in. Our organisation receives a lot more restricted grants than EGAs and recognising work as it's done didn't seem to fit with the types of grants we receive, so I'm happy to learn that these would just be seen as OFAs.
@IFR4NPO
@IFR4NPO 8 ай бұрын
Thank you so much for your feedback. We are glad this answered your question. Would you like to respond to the The International Non-Profit Accounting Guidance Exposure Draft 2 (INPAG ED2) which closes soon? If yes, please visit the link (www.ifr4npo.org/have-your-say/) to submit your comment.
@williammufuka5943
@williammufuka5943 10 ай бұрын
This is a move in the right direction, and will revolutionalise the accounting and reporting for Not for Profit Organizations.
@donboscoboyshome
@donboscoboyshome 11 ай бұрын
Is it alright to give feedback that the sound in this video is soft? Needed to draw myself near the laptop in order to hear the words clearly. Thank you(By Gesica)
@IFR4NPO
@IFR4NPO 10 ай бұрын
Thank you for the feedback. We will improve on this.
@afonsecav
@afonsecav 11 ай бұрын
Excelent
@afonsecav
@afonsecav 11 ай бұрын
Excelent.
@genevievestark
@genevievestark 11 ай бұрын
👌 *promosm*
@abdimohamed355
@abdimohamed355 Жыл бұрын
highly educative awesome
@afonsecav
@afonsecav Жыл бұрын
Excelent
@nazhlyescalona
@nazhlyescalona Жыл бұрын
Excelente contenido, desde Venezuela saludos Nazhly Teresa Escalona M. Contador Público Colegiado
@antoniodayag2795
@antoniodayag2795 Жыл бұрын
Thanks for the information and also try to revisit again some concerns about the NPO.
@afonsecav
@afonsecav Жыл бұрын
Interesante el tema.
@florrojas1012
@florrojas1012 Жыл бұрын
muy buena presentación
@florrojas1012
@florrojas1012 Жыл бұрын
Muy buena la explicación de la presentación de los EEFF
@florrojas1012
@florrojas1012 Жыл бұрын
Excelente muy descriptiva y fácil de entender tomando en cuenta las características de juicio del personal involucrado en las OSFL
@florrojas1012
@florrojas1012 Жыл бұрын
Muy claras las características de identificación de una OSFL
@florrojas1012
@florrojas1012 Жыл бұрын
muy buena presentación clara concisa y completa en sus definiciones.
@afonsecav
@afonsecav Жыл бұрын
Interesante la información pero hacen falta otros aspectos a informar por la OSFL
@afonsecav
@afonsecav Жыл бұрын
Congratulation for you information.
@afonsecav
@afonsecav Жыл бұрын
Me gusta la parte conceptual y hacen falta algunos aspectos relacionados a su objeto social.
@afonsecav
@afonsecav Жыл бұрын
Me parece bien la parte conceptual faltan algunos aspectos mas para este tipo de entidades.
@afonsecav
@afonsecav Жыл бұрын
Me aparece bien la parte conceptual.
@donamaranathapadonou9690
@donamaranathapadonou9690 Жыл бұрын
How are donations in-kind inventories to be recorded with INPAG?
@IFR4NPO
@IFR4NPO Жыл бұрын
@donamaranathapadonou9690 Thanks for your question. Income recognition will be covered in Exposure Draft 2, due for release in June 2023. In ED1 we are just looking at the overall shape and structure of the financial statements. Thanks
@donamaranathapadonou9690
@donamaranathapadonou9690 Жыл бұрын
This is an excellent advancement on the case of Non Profit Organizations. Next step will be also describing level of details of expenditures and chart of accounts
@afonsecav
@afonsecav Жыл бұрын
Muy buena la información para los reportes que se deben presentar las instituciones sin animo de lucro que no le es exigidos los aspectos de sostenibilidad y la responsabilidad que esta tiene con respecto al cambio climático.
@jimenamontes8447
@jimenamontes8447 Жыл бұрын
Espectacular Proyecto.
@gallagherneylon6966
@gallagherneylon6966 Жыл бұрын
🅿🆁🅾🅼🅾🆂🅼 🤷
@afonsecav
@afonsecav Жыл бұрын
Interesante y gracias por la información en el webinar de los reportes y que esto no quede solo en estas conferencias que se realicen memorias y se socialicen a los que estuvimos cerca de ustedes e este encuentro y para el siguiente encuentro.
@IFR4NPO
@IFR4NPO Жыл бұрын
De nada. Nos alegra que haya disfrutado viendo los recursos. Esperamos compartir más información adicional en sesiones posteriores.
@fcatacora1
@fcatacora1 2 жыл бұрын
This is the next great wave for accounting profession worldwide !!!
@nicodemeadzra4628
@nicodemeadzra4628 2 жыл бұрын
Great work. We need this guidance
@zwimasukuma
@zwimasukuma 2 жыл бұрын
Great work!
@724Willie
@724Willie 2 жыл бұрын
This is a awesome initiative and can't for the Launch
@abdimohamed355
@abdimohamed355 2 жыл бұрын
this is quite interesting
@AlbertSMola
@AlbertSMola 2 жыл бұрын
This is a great initiative. By any chance will you also review IPSAS - for any areas that could benefit INPAG?
@IFR4NPO
@IFR4NPO 2 жыл бұрын
Yes, with IFRS for SME as framework we will look to full IFRS, IPSAS and national NPO guidance to fill gaps as needed, rather than re-invent the wheel.
@agnesadrupio8288
@agnesadrupio8288 2 жыл бұрын
This is a good suggestion
@namataimoyo4201
@namataimoyo4201 2 жыл бұрын
This is a great start!
@richardtseka1031
@richardtseka1031 2 жыл бұрын
I have liked this idea, even the name INPAG
@areejsakka9131
@areejsakka9131 2 жыл бұрын
Great Job
@coreyparks8959
@coreyparks8959 2 жыл бұрын
😍 𝓅𝓇o𝓂o𝓈𝓂
@abdimohamed355
@abdimohamed355 2 жыл бұрын
this is great milestone financial reporting
@abdulazizhamo6649
@abdulazizhamo6649 2 жыл бұрын
I think the term of "Statement of Activities" is more compatible and meaningful for the NPOs rather than the term of "Statement of Financial Performance"
@IFR4NPO
@IFR4NPO 2 жыл бұрын
Thanks Abdulaziz. We will be discussing the range of views on this at our next PAG and TAG meetings!
@abdulazizhamo6649
@abdulazizhamo6649 2 жыл бұрын
@@IFR4NPO Pleasure
@fcatacora1
@fcatacora1 3 жыл бұрын
Esta es una iniciativa que tendrá un impacto muy grande, yo las llamaría las NIIF de las Entidades sin Fines de Lucro
@SamMusoke
@SamMusoke 3 жыл бұрын
Visit www.ifr4npo.org/consultation-paper for more information, including the Executive Summary in French.
@SamMusoke
@SamMusoke 3 жыл бұрын
So exciting to have reached this great milestone
@alfredbrianagaba
@alfredbrianagaba 3 жыл бұрын
Well done Sam. Light at the end.
@fitzpatrickkapepe9037
@fitzpatrickkapepe9037 3 жыл бұрын
Great Efforts and a must do project
@muvaffaksabbag4868
@muvaffaksabbag4868 3 жыл бұрын
Thank you so much
@mackeywadud5158
@mackeywadud5158 4 жыл бұрын
Wow very nice system for maintain Accounting process in transparently.good initiative