Certificate of Achievement
has completed the following course:
Reporting Obligations of Your Charity Part B: Financial Skills for ACNC Reporting Requirements
Australian Charities and Not-for-profits Commission
This online course explored the financial concepts and skills necessary for completing ACNC reporting requirements. The course covered topics including the annual financial report, accounting standards, general purpose vs special purpose financial statements, audits and reviews, key management personnel remuneration, related party transactions and disclosure requirements, cash and accrual accounting, and answers to common questions about completing the Annual Information Statement.
2 weeks, 1 hour per week
Rachel Smith
Director of Advice Services, Education and Public Affairs
Australian Charities and Not-for-profits Commission
Transcript
Learning outcomes
- Explain what an annual financial report is and identify its various components.
- Describe accounting standards and summarise the differences between general purpose financial statements and special purpose financial statements .
- Compare an audit to a review and reflect on the value of receiving constructive feedback to improve your charity’s practices.
- Explore the requirements for key management personnel remuneration and apply them to your charity.
- Investigate the new related party transactions and disclosure requirements for charities and identify what your charity needs to do now to be prepared.
Syllabus
- What is an annual financial report?
- What are accounting standards?
- The difference between general purpose financial statements and special purpose financial statements.
- The difference between an audit and a review.
- Key management personnel remuneration.
- Related party transactions and disclosure requirements.
Issued on 3rd March 2023
The person named on this certificate has completed the activities in the transcript above. For more information about Certificates of Achievement and the effort required to become eligible, visit futurelearn.com/proof-of-learning/certificate-of-achievement.
This certificate represents proof of learning. It is not a formal qualification, degree, or part of a degree.
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