Did you know that AASB 1058 helps our beloved Not for Profits (NFPs) to recognize income in a consistent and transparent manner? It's all about making sure their financial reports are clear and reliable! 📊

But hold on, don't get tangled up in the accounting jargon! We've got our accounting guru Alastair Abbott to break it all down for you in plain English! 🍭

#AASB1058 #RevenueRecognition #NotForProfit

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