Description

The financial reporting requirements for Incorporated Societies is changing. Incorporated Societies will need to get familiar with how their reporting will change, what to look out for and how to manage a financial reporting transition project.

The webinar will cover:

• What the reporting tiers for Incorporated Societies are
• What the reporting standards are for each tier
• Key differences in reporting standards
• How to effectively manage a transition project

This webinar will suit those involved in the governance of Incorporated Societies and those with financial reporting responsibilities for Incorporated Societies.

ORIGINAL BROADCAST DATE

6 December 2023

LEARNING OUTCOMES

An understanding of:

• What reporting tiers there are for different Incorporated Societies
• The relevant reporting standards for each reporting tier
• The key differences in each set of reporting standards
• Significant areas of judgement that will be common for Incorporated Societies in preparing financial statements
• The level of work required in transitioning from the existing accounting framework to an accounting framework required by the Act
• Tips on how to successfully manage the transition project.

SUITED TO

This webinar will suit those involved in the governance of Incorporated Societies and those with financial reporting responsibilities for Incorporated Societies.

PRESENTER

Paul Walker, Crowe Australasia, (presenting on behalf of TEO).