Foreign currency translation: INPAG ED2

This video explains proposals in International Non-Profit Accounting Guidance, Exposure Draft 2 (INPAG ED2), so that stakeholders can provide feedback. The consultation period is open until 15 March 2024. Download the response template and submit your input by via www.ifr4npo.org/have-your-say.

Your feedback matters. Let's shape the future of NPO financial reporting together!

NPOs experience many practical difficulties and risks relating to grants in foreign currency.

The proposals in INPAG relate to general-purpose reporting, rather than special purpose reports for donors. Section 30 provides additional guidance for accounting, presentation and disclosures that should improve transparency.

Watch this video to understand:
• Common difficulties experienced by NPOs
• Accounting for exchange gains and losses relating to grants
• Disclosure requirements

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