Bursars – what accounting changes are on the horizon that may affect you?

We are in the middle of a period of significant change in accounting standards. This article highlights the impact of three new accounting standards upon schools, which bursars should begin preparing for.

1. AASB 1058 Income of Not-for-Profit Entities
2. AASB 15 Revenue from Contracts with Customers
3. AASB 16 Leases

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