Australian not-for-profit sector views on the conceptual framework, accounting standards and accounting information

Ralph Kober*, Janet Lee, Juliana Ng

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    8 Citations (Scopus)

    Abstract

    In this paper, we examine the conceptual framework, accounting standards and accounting information relevant to the not-for-profit (NFP) sector. Based on the responses of 242 Australian NFP managers, we find support for the inclusion of accountability in the conceptual framework, and for a common set of accounting standards across NFP and for-profit sectors with additional standards or paragraphs to recognise NFP specific issues. Respondents also rated information within general-purpose financial reports to be useful for decision making within their organisations. We offer suggestions as to what our findings mean for the development of accounting standards for the NFP sector.

    Original languageEnglish
    Pages (from-to)1105-1138
    Number of pages34
    JournalAccounting and Finance
    Volume61
    Issue number1
    DOIs
    Publication statusPublished - Mar 2021

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