Chapter 4: Financial reporting

In this chapter

Chapter 4.1: Financial reporting framework

In this section we look at the financial reporting framework including legal requirements, IFRS reporting framework, differential reporting and more

Chapter 4.2: Income

In this chapter we discuss different types of income

Chapter 4.3: Expenses

In this chapter we look at expenditure disclosure, depreciation, leases and personnel expenses

Chapter 4.4: Assets

In this chapter we look at assets including cash and cash equivalents, bank deposits, donated assets, and more

Chapter 4.5: Liabilities

In this chapter we discuss liabilities including banking staffing overuse, creditors/expense accruals and provision for cyclical maintenance

Chapter 4.6 Notes to the financial statements

Notes are an integral part of a school’s financial statements, as they provide explanatory information and greater level of detail