Course description
Overview
Successive versions of the Charities SORP have set out how a charity should report annually on resources entrusted to it and the activities it undertakes.
We will explain the requirements, as well as exploring the areas where many charities fail to comply with the accounting requirements of the SORP.
Specifically, we will cover the changes introduced in the latest Charities SORP.
Who is this for?
You should attend this course if you are:
- new to accounting for Charities
- already experienced in the subject but want to refresh or consolidate your knowledge
- auditing charities
Delegates are generally finance professionals from charities or external accountants with charity clients.
What will you learn?
Learning outcomes include obtaining a greater understanding of:
- The Charities Act 2006
- The contents of the Charities SORP
- The presentation of the trustees’ annual report
- The statement of financial activities
- How to analyse support costs
- Common mistakes
Other related courses
FRS 102 Refresher Module 1 - Principles and Presentation
FRS 102 Refresher Module 2 - Asset and Liabilities
FRS 102 Refresher Module 3 - The Income Statement
FRS 102 Refresher Module 4 - Financial Instruments
FRS 102 Refresher Module 5 - Group Accounting Issues
Pension Costs in Company Accounts
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Upcoming start dates
Suitability - Who should attend?
This course will prove useful to those new to the charities sector or existing employees looking for an insight into the new regime. Auditors of charities would also benefit from attending.
Training Course Content
Successive versions of the Charities SORP have set out how a charity should report annually on resources entrusted to it and the activities it undertakes. The revised version of the SORP applicable from 2015 further hones charity reporting, but also reflects the new principles as UK GAAP further converges with its international counterpart.This course provides an introduction to charity accounting and the principles of the existing and forthcoming Charities SORP.Learning outcomes include obtaining a greater understanding of:The contents of the Charities SORPThe presentation of the trustees’ annual reportThe statement of financial activitiesHow to analyse support costsThe Charities Act 2006 overview