Current liabilities
Current liabilities are an organisation’s short-term financial obligations that are due within one year or within a normal operating cycle. Current liabilities may include, but not limited to: accounts payable; accrued expenses; loans payable; GST payable; employee entitlements (benefits/provisions); ABN withholding tax payable; PAYG withholding payable; grants received in advance; revenue received in advance; and grants payable to government departments.
Share
About Us
Integrity, honesty and unbiased assessment are at the core of Giving Guide’s mission. The charity sector is important to the economy and culture of Australia, We believe independently assessing the accountability, transparency and effectiveness of the sector beyond what is currently available is important to it's future.
Giving Guide anticipates enhancing the level of governance and transparency in the Australian charity sector. An independent charity advisor would benefit the sector by helping charities consider exceeding the existing governance standards of the Australian Charities and Not-for-profits Commission (ACNC) to the benefit of donors.
More Articles
