Not-for-Profit Financial Reporting Workshop 2025 (EBIRD)

Thomson Reuters is pleased to present the 2025 Not-for-Profit Financial Reporting Workshop, a full-day live online event designed to help you stay ahead of evolving standards and simplify your financial reporting responsibilities.

This year’s workshop is led by Jimmy Cao, Associate Director at SW, who brings over 18 years of experience in assurance, IFRS advisory, and sustainability reporting across Australia and Singapore. With more than a decade at Big 4 firms and a strong reputation for delivering clear, actionable guidance, Jimmy is a trusted expert in financial reporting for the not-for-profit sector.

Whether you're preparing financial statements, advising clients, or overseeing compliance, this workshop will equip you with the knowledge and tools to enhance clarity, consistency, and confidence in your reporting.

Workshop Topics

1. AASB 1060: Simplified Disclosures for Tier 2 Entities and Common Pitfalls
Discover how AASB 1060 streamlines financial reporting for Tier 2 entities while maintaining compliance and transparency. This session will unpack the key disclosure requirements, highlight frequent errors and misconceptions observed in practice, and offer practical strategies to enhance the quality, consistency, and audit-readiness of financial statements.

2. The Emerging Tier 3 Reporting Framework: What to Expect
Stay ahead of regulatory developments with a forward-looking session on the proposed Tier 3 reporting framework for smaller not-for-profit entities. We’ll explore the framework’s objectives, anticipated simplifications, and its potential impact on reporting obligations. This is essential for professionals advising or managing financial reporting for small NFPs.

3. Revenue and Income Recognition for NFPs: AASB 15 vs AASB 1058
Navigate the complexities of revenue recognition in the NFP sector with a focused comparison of AASB 15 and AASB 1058. This session will clarify the distinction between enforceable contracts and non-contractual income, using real-world scenarios to demonstrate correct application and help avoid common misinterpretations.

4. Back to Basics: Financial Instruments in NFP Accounting
Revisit the core principles of financial instruments under AASB 9, tailored for the not-for-profit context. This session will demystify classification, measurement, and impairment requirements, with a focus on practical application and implications for financial statement presentation and audit processes.

Who Should Attend

This workshop is designed for senior professionals involved in financial oversight, reporting, and compliance within the not-for-profit sector, including:

• Directors
• Partners and Principals
• Audit Managers and Auditors
• Finance Managers and Financial Controllers
• Senior Managers and Managers
• Executive Managers – Business Services
• Accountants and Advisors working with NFP clients

Why Attend

• Fully Online: Join from anywhere—no travel required
• Live and Interactive: Ask questions and engage with the presenter in real time
• Practical Focus: Real-world examples, templates, and updated disclosure checklists
• CPD Accredited: Earn 6.5 CPD hours