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Issues in recognising volunteers contributions in financial statements


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The issue of measurement and reporting of the contributions made by volunteers in not-for-profit organisations is currently topical, in professional accounting literature. One reporting avenue available is to recognise volunteers’ contributions in the financial statements. An analysis of this option suggests that problems exist. Brief findings from a case study are presented that confirm that measurement issues are problematic. The use of for-profit conceptual framework language may not be helpful in reflecting the substance of what not for profit organisations actually do. Inconsistencies in applying conceptual framework meanings are identified in the proposed accounting standard on accounting for revenue from non exchange transactions (ED118).

Item Type: Book Chapter
Additional Information: Paper presented at SHAKE-UP: New Perspectives in Business Research and Education: New Zealand Applied Business Education Conference (NZABE) 2010, held 27-28 September, 2010, in Napier, New Zealand
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
Depositing User: John Gourdie
Date Deposited: 17 May 2011 02:16
Last Modified: 21 Jul 2023 02:32

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