When NPOs make grants, when should the expense be recognised, particularly if the grantee has to meet certain criteria to be entitled to it? When does a promise create a liability?
We held a webinar to address this topic. You can access the recorded webinar here.
This video (November 2023) explains the proposals for Grant Expenses in INPAG ED2. Click on ‘Watch on YouTube’ to view in French and Spanish.
Watch this video to learn more about:
To read the latest proposals for accounting for grant expenses, read the International Non-Profit Accounting Guidance (INPAG) Exposure Draft 2, Section 24: available here.
Initial ideas were set out in the Consultation Paper issued in January 2021, together with explanatory videos. Part 2 Issue 4 of the Consultation Paper set out specific alternative approaches which were presented in a webinar in Aug 2021, before the consultation response period closed in Oct 21. The project’s feedback on the responses to Part 1 were shared in a webinar in Feb 22. During 2022 and 2023, the Technical and Practitioner Advisory Groups (TAG and PAG) have reflected on the responses and given feedback on the development of draft guidance for inclusion in INPAG ED2. The responses to ED2 are being considered as the guidance is finalised.
You can access all the resources from this page with the most recent first. Some are available in Spanish (ES) and French (FR) as well as English.
Check out these video extracts from our 2021 webinar exploring issues and options relating to on Grant expenses, and view all the resources here.
