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An initiative to develop the world’s first internationally applicable financial reporting guidance for non-profit-organisations.
IFR4NPO Team
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INPAG
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Exposure Draft 3
INPAG Exposure Draft 3 is open for public comment until 16 September 2024.
Exposure Draft 2
INPAG Exposure Draft 2 was open for public comment until 15 March 2024.
Exposure Draft 1
The first Exposure Draft of INPAG was open for public comment until 31 March 2023
Consultation Paper
View the Consultation Paper and the responses received
Have your say
Your opportunity to shape the future of financial reporting for non-profit organisations. Exposure Draft 3 is open for comment until 16 September 2024.
TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
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Country Champions
The project's Country Champions engage influential stakeholders so that they contribute to the development process, and gain confidence to adopt or align to it.
Around The World
International Non-Profit Accounting Guidance (INPAG) needs to be relevant to the needs of stakeholders in different jurisdictions around the world.
Technical Advisory Group (TAG)
The TAG provides advice on the development of the guidance from a technical standard setting perspective.
Practitioner Advisory Group (PAG)
The PAG provides advice on the development of the guidance from a practitioner perspective.
Donor Reference Group
The Donor Reference Group consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Donor Reference Group Statement of Support
Signatories from the Donor Reference Group state their support for improved quality and reduced burden of NPO financial reporting.
Grant Agreement Clauses Working Group
It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Events, News and Blogs
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Accounting and Reporting Issues
There are a number of sector specific accounting issues for non-profit organisations, that are being addressed by International Non-Profit Accounting Guidance (INPAG).
Financial Statements
See example NPO financial statements from around the world.
Tools
Practical tools to support NPO accounting and reporting.
Non-English Resources
The IFR4NPO project aims to provide more content and resources in French, Spanish and Arabic to support greater engagement
FAQs
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Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.

Inventory held for use or distribution

NPOs may receive donated inventory, or hold inventory for use or distribution rather than for sale - so how should it be valued?

Accounting and Reporting Issues
Issue

What is the issue?

How should low value, high volume inventory, such as donated items for re-sale be treated? How about donated or purchased inventory such as pharmaceuticals close to their ‘use by’ date and potentially not usable?

Click ‘watch in You Tube’ to access the playlist, with videos in Spanish and French.

Deep dive

Proposals relating to inventory were published on 26 September 2023. This video explains the proposals included in INPAG Section 13, found on page 55 of INPAG Exposure Draft 2.

The journey so far

The issue of inventories was included in the list of 10 topics where there were NPO-specific issues that were prioritised for consideration in the first stage of INPAG. You can see the various papers and resources below.

  • Sep 23: INPAG Exposure Draft 2, Section 13
  • June 23: TAG meeting, Item 1, Annex A
  • May 23: TAG meeting, Item 1
  • Jul 22: Webinar on revenue and inventory – see the slides and recording
  • Feb 22: Video explaining issues and alternatives in Consultation Paper Part 2
  • Jan 22: IFR4NPO Consultation Paper Part 2 – Issue paper 6 available here

Webinar resources

Check out these video extracts from our webinar on inventory in July 2021, and view all the resources here.

Financial reporting challenges
Inventory alternatives

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