For love not money

Article Abstract:

The not-for-profit organizations are under pressure because of competition for funds and Charities Bill, which ostensibly puts the regulation of the not-for-profit sector under the auspices of the Australian Taxation Office (ATO). The financial reform agenda of the federal government for not-for-profit business has attracted fierce criticism from charities as they stand to lose precious funding and they take it to be an attempt by the government to prevent them from speaking against it.

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Accounting for not-for-profits

Article Abstract:

Research to be conducted into the information needs of not-for-profit (NFP) entities that will be funded by CPA Australia is discussed, and the adoption of international accounting standards in Australia from 1 January 2005 makes it essential. Particular attention will be paid to analyzing who are the potential users of external financial reports of NFP entities and how the reports can be made improved.

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Pay back time

Article Abstract:

The difference between the donations and sponsorship funds for charities and not-profits is discussed. Most of the supplies made by GST registered charities and not-for-profit organizations are covered by the general GST rules.

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