Some NFP entities have called for a new accounting standard specifically for the NFP sector because the
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Question:
Some NFP entities have called for a new accounting standard specifically for the NFP sector because the 2018 IASB Revised Conceptual Framework doesn’t suit Australia’s sector neutral environment.
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Briefly summarise the changes proposed in the 2018 IASB Revised Conceptual Framework that are suitable for NFP entities and those which are unsuitable.
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Identify the main benefits and costs of Integrated Reporting which are most relevant to NFP entities and recommend whether Waste Not should prepare an Integrated Report based on these.
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