Weekly study1 hour
Reporting Obligations of Your Charity Part A: Overview and Basic Financial Skills
Discover charity reporting obligations and develop basic financial skills.
Keeping up-to-date with your charity’s reporting obligations is vital to operating as a registered charity. But how do you know who to report to, when, and what information is required? And do you have the financial skills needed to read and interpret key financial documents and ask informed questions?
This short course from the Australian Charities and Not-for-profits Commission (ACNC) provides answers.
Through this course, you will:
- Learn what you need to report to the ACNC and when.
- Find out about other regulators who you may need to report to.
- Discover what the ACNC is doing to reduce red tape in the sector so instead of duplicating reports, you can get on with activities that advance your charity’s charitable purpose.
- Practice reading and interpreting balance sheets and profit and loss statements.
- Understand solvency and recognise warning signs that a charity could be in financial difficulty.
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Describe your charity’s reporting obligations to the ACNC.
- Explain your charity’s reporting requirements to other regulators that the ACNC works with.
- Summarise the Duty to Notify and list the changes to your charity that are covered by it.
- Reflect on the ACNC’s red tape reduction initiative and how this informs the questions your charity is asked to answer in the AIS and the overall reporting obligations of your charity.
Who is the course for?
This course is designed for charity leaders responsible for meeting reporting obligations: reporting to the ACNC, notifying of certain changes, and meeting any reporting requirements to other regulators. It is also for board members seeking to develop the required basic financial skills to perform their obligations. It will be especially useful for board members and sector advisors.
Who developed the course?
The Australian Charities and Not-for-profits Commission (ACNC) is the national regulator of charities. We register and regulate Australia’s many charities. We help charities understand and meet their obligations through information, advice and guidance. We help the public understand the work of the charity sector and provide a free searchable register of Australian registered charities.
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