Accounting for Charities Recorded

Summary

This course will provide an update on the best practice in accounting for charities in NI and ROI including accounting for various types of fund. It will improve understanding of how to account for charities under the current Statement of Recommended Practice “Accounting and Reporting by Charities” SORP 2005 (2nd Edition issued in July 2008).

Venue details:  
Online, ,
Start date & time:  
01 January 2017 00:00
End date & time:  
01 January 2020 00:00
Price: €62.50  (€62.50 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
2.50
CPD hours:  
2.50
Speaker details
First nameLast name
Danielle M McWall

Description

Product type:  
CPD online course
Category:  
Financial reporting

This is was recorded in 2016.

Who should attend?

All those involved in charity accounting either as a practitioner or as a charity accountant. Also accountants who sit on charity boards it will further their understanding of the principles of charity accounting and new audit and accounting trainees who will be working with charity accounts.

Course overview

Following this course attendees will have a greater appreciation of how to prepare, adopt and follow SORP charity accounts.

Key topics

  • Impact on the sector of the Charities Act 2009 (ROI) and Charities Act 2008 (NI) 
  • Principles of charity accounting 
  • Introduction and background to SORP 
  • Reporting requirements under the SORP 
  • Trustees reports 
  • Statement of financial activities 
  • Income statements 
  • Balance sheet/ Statement of Financial Position 
  • Accounting policies and notes to the accounts 
  • Accounting for charity funds under the SORP 
  • Examples and review of SORP accounts 
  • Future of Charity SORP?
  • Topics will be covered in a lecture with reference to sample accounts.