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Financials and Budgets

AHCSA is required by both the Associations Act 1995 and the majority of our funding agreements to have external audits undertaken of our financials that conforms to accepted industry standards. At AHCSA’s annual AGM’s, the Board appoints the external auditor and receives the auditor’s reports for the previous financial year.

At the end of each financial year, general purpose financial statements are prepared in accordance with Australian Accounting Standards, (including Australian Accounting Interpretations) and the Associations Incorporations Act 1985. AHCSA is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards.

AHCSA’s Chart of accounts conforms to industry standards and AHCSA utilises accrual accounting processes that meet the Australian Accounting Standards, (including Australian Accounting Interpretations).

2018/2019 Financial Summary

The following Financial Statements and Notes presented in the 2018/2019 Annual report have been prepared on an accrual basis with the accompanying notes providing related party information. The Association has moved to a Cloud ERP System and NetSuite for its financials and business functions and AHCSA continues to outsource the payroll function to Integrated Payroll Systems.

2018/2019 Financials          2018/2019 Annual Report

2017/2018 Financial Summary

The following Financial Statements and Notes presented in the 2017/2018 Annual report have been prepared on an accrual basis with the accompanying notes providing related party information. The Association has moved to a Cloud ERP System and NetSuite for its financials and business functions and AHCSA continues to outsource the payroll function to Integrated Payroll Systems.

2017/2018 Financials          2017/2018 Annual Report

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