01-20-2006, 08:48 AM
In most of these NGO's they are required by their Donors to maintain financial records on the basis of 'Receipts and payments' only. Any Financial statements that are prepared, are done soley from extraction (and so mentioned) and may not necessarily be under IFRS.
To most donors, it is only important to see how their money is spent and if its within the charter etc.
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"Failure is a word unknown to me" - M A Jinnah
To most donors, it is only important to see how their money is spent and if its within the charter etc.
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"Failure is a word unknown to me" - M A Jinnah
