The AASB is consulting on its proposals to develop simplified accounting requirements for smaller (suggested to be annual revenue less than $3m) not-for-profit private sector entities, which will be presented in a single standard. A 12-page Snapshot and a pre-recorded AASB education session provide an overview of these proposals. Comments on the Discussion Paper are open until 31 March 2023.
To view the Snapshot of the proposed Simplified Accounting Requirements, click here
To view the pre-recorded education session, click here