The not-for-profit sector includes higher education providers, TAFEs, charities, and federal, state and local governments.
Not-for-profit entities are increasingly wanting to modernise their finance operations to meet current and future needs. We’ve outlined areas of interest for not-for-profit entity finance teams to better anticipate and prepare for change.
There are similarities between the profit and not-for-profit sectors regarding financial reporting. However, there are nuances to how financial reporting rules are applied that will particularly affect the not-for-profit sector.
There is increasing interest within not-for-profit entities to review existing finance operations and ensure they are fit for purpose and modernised to meet their changing needs