National Standard Chart of Accounts

1. National Standard Chart of Accounts Financial Reporting Roundtable Julie-Anne Mee Australian Centre for Philanthropy and Nonprofit Studies (ACPNS)

2. National Standard Chart of Accounts • National SCOA is endorsed in a number of reviews • National • State based • Accounts and data definitions • Inclusions • Exclusions • Covers “sub” sectors – eg human services, arts & entertainment, environmental • Benefits well documented Julie-Anne Mee ACPNS

3. National Standard Chart of Accounts • Common factor – Red tape reduction • Commenced in Queensland in 2002 • July 2006 – Queensland • May 2007 – New South Wales • November 2008 – Western Australian with pilot groups by 1 July 2009 and proposed Implementation 1 July 2010 • November 2009 – Victoria – full implementation 1 July 2010 • December 2009 – COAG – NFP Sub-Committee Consultation draft for feedback • April 2010 – COAG implementation for Qld, NSW, WA & Vic by 1 July 2010 & other jurisdictions 1 July 2011 • Sept 2010 to May 2011 – South Australia, Tasmania & Northern Territory – discussions and inclusion into draft version – yet to be endorsed by BRCWG & COAG • October – November 2011 – ACT, SBR & how this fits together Julie-Anne Mee ACPNS

4. National Standard Chart of Accounts

5. National Standard Chart of Accounts • Insurance - expense

6. National Standard Chart of Accounts • Linkage with SBR – mapping exercise commenced – estimate no more than 5% of elements may need detailed “negotiation” – 60% clean match, 30% partial match, 5% “new” • Propose that SBR and ACT Directorate of Communities – a proof of concept – re report once by the NFP, use often – many funders use the reported information • Items with questions: work cover harmonisation, fundraising harmonisation – larger than NSCOA Julie-Anne Mee ACPNS