Non-profit entities come in a variety of shapes, sizes and objectives. Oftentimes, the performance of these organisations directly affects vulnerable members of our society as well as members of the general public.
It is therefore critical that accounting professionals dealing with NPOs and PBOs perform their duties correctly as required by legislation, accounting frameworks, and other regulations. In this session we will refresh you on the accounting and related legislation affecting these entities as well as highlight any recent developments in this space.
By attending this webinar you will gain the following competencies:
Knowledge of the application of statutory frameworks that NPOs operate under.
Have the knowledge to differentiate between different forms that NPOs can take and the implications thereof.
Have an understanding of the various pieces of legislation that govern NPOs.
Possess the technical ability to correctly account for NPOs with a focus on fund accounting.
Have an awareness of the impact that the General Laws Amendment Act, 22 of 2022 has on NPOs.
The webinar will cover the following topics:
The different categories of NPOs.
Characteristics of the entity.
The constitution of an NPO.
Statutory frameworks - current and incoming.
Accounting challenges – Fund Accounting
Challenges in assurance
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