Do Not-for-Profits Need Their Own Conceptual Framework?

Forthcoming in Financial Accountability & Management Accounting

Posted: 26 Feb 2013

See all articles by Christine Merle Ryan

Christine Merle Ryan

Queensland University of Technology - School of Accountancy

Janet Mack

Queensland University of Technology - School of Accountancy

Stuart Tooley

Queensland University of Technology - School of Accountancy

Helen Joy Irvine

Queensland University of Technology

Multiple version iconThere are 2 versions of this paper

Date Written: February 6, 2013

Abstract

This paper raises the issue of whether not-for-profit (NFP) oganisations require a conceptual framework that acknowledges their mission imperative and enables them to discharge their broader accountability. Relying on publicly available documentation and literature, it suggests the current Conceptual Frameworks for the for-profit and public sectors are inadequate in meeting the accountability needs of NFPs. A NFP-specific conceptual framework would allow the demonstration of broader NFP-specific accountability and the formulation of NFP-appropriate reporting practice, including the provision of financial and non-financial reporting. The paper thus theoretically challenges existing financial reporting arrangements and invites debate on their future direction.

Keywords: Conceptual framework, Accountability, NFPs, Non-reciprocal transfers, Volunteers

JEL Classification: M4

Suggested Citation

Ryan, Christine Merle and Mack, Janet and Tooley, Stuart T. and Irvine, Helen Joy, Do Not-for-Profits Need Their Own Conceptual Framework? (February 6, 2013). Forthcoming in Financial Accountability & Management Accounting. Available at SSRN: https://ssrn.com/abstract=2224317

Christine Merle Ryan

Queensland University of Technology - School of Accountancy ( email )

2 George Street
Brisbane, Queensland 4000
Australia
+61 7 3864 4320 (Phone)
+61 7 3864 1812 (Fax)

Janet Mack

Queensland University of Technology - School of Accountancy ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Stuart T. Tooley (Contact Author)

Queensland University of Technology - School of Accountancy ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Helen Joy Irvine

Queensland University of Technology ( email )

2 George Street
Brisbane, Queensland 4000
Australia

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