In addition to the other mandatory reporting changes discussed in previous articles, which relate to charities with annual expenditure of less than $2m, another significant change is that charities are required to report related party transactions.
There are huge amounts of research that show if you manage and lead people well, they will perform, which couldn’t be more accurate in the farming industry. The performance, commitment and engagement of every employee is of huge importance to production and therefore profit, so getting this right is key.
For accounting periods commencing on or after 1 April 2015 all registered charities must prepare financial statements which conform to new financial reporting standards. Many consider this to be the most significant change in financial reporting for the New Zealand charities sector ever.
The course will enable the owner to understand a set of financial statements and to analyse the key information they contain. Key ratios will be explained that enable decision making along with the working capital cycle with particular focus on credit and debt management.
Our team will provide a dynamic workshop, providing techniques and tools so you can avoid one bad apple spoiling the bunch. Expect to walk away with a deeper understanding of how to successfully recruit the best person for your business.
An introduction to the theory of business planning; incorporating goal setting (business and personal), the stages of a business’ development to achieve growth, SWOT Analysis including the analysis of a business’ competitive advantage, setting targets and Key Performance Indicators and the development of action plans to achieve a business’ vision/goals.
Employment and HR law can be very complicated. This workshop is designed for business owners and managers to receive insights on Employment Relations and Compliance. We will ensure you are clear on your duties and obligations and understand the risks, before we lead into a snapshot of the potential impact from the recent new laws and regulations introduced by the new government.
In addition to the other mandatory reporting changes that have taken place for charities, one of the most notable changes from an accounting treatment perspective is in relation to revenue recognition, particularly grants and donations.
The accounting profession is on the start line of the most significant event in financial reporting this decade - the implementation date for the three new financial reporting standards affectionately known as the ‘Big 3’: Revenue NZ IFRS 15, Financial Instruments NZ IFRS 9 and Leases NZ IFRS 16.