AASB Issues NFP-Related Exposure Drafts

The AASB has issued exposure drafts ED 261 Service Concession Arrangements: Grantor and ED 262 Fair Value Disclosures of Not-for-Profit Public Sector Entities for comment. ED 261 addresses the gap in grantor accounting for service concession arrangements. ED 262 proposes modification of AASB 13 for application by not-for-profit public sector entities.

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