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Accounting and Reporting by Charities in the Republic of Ireland (2nd Edition)


Available: In stock
Summary

This new edition of Accounting and Reporting by Charities in the Republic of Ireland  provides guidance to charities that have opted to prepare financial statements in accordance with the Charities SORP (FRS 102) in advance of any legal requirement to do so.

ISBN:  978-1-912350-19-3
Published:  
Price: €25.00   
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Description

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This title will be published at the end of December and is now available to pre-order.

Since the publication of the first edition of Accounting and Reporting by Charities in the Republic of Ireland in 2011, there have been significant changes to the financial reporting regime operating in Ireland and to the regulation of the Irish charities sector, including:

  • FRS 102, which has replaced the previous generally accepted accounting practice (UK and Irish GAAP);
  • the publication of the Charities SORP (FRS 102) (Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 );
  • the establishment of the Charities Regulatory Authority; and
  • the commencement of most sections of the Charities Act 2009.

The purpose of this 2nd edition is to provide guidance to those charities in the Republic of Ireland that have opted to prepare their financial statements in accordance with the Charities SORP (FRS 102) in advance of any legal requirement to do so. Its contents include:

  • The Trustees’ Annual Report
  • Accounting for Charity Funds
  • Statement of Financial Activities, Balance Sheet and Statement of Cash Flows
  • Allocation of Costs by Activity
  • Accounting Policies
  • Grant-Making
  • Accounting for Financial Assets and Liabilities
  • Accounting for Branches, Charity Groups and Combinations.

As well as those involved in the preparation of financial statements for charities, and their professional advisors, this book is also a guide for trustees of charities to the requirements of the Charities SORP (FRS 102).

The Author

Teresa Harrington is a Fellow of Chartered Accountants Ireland. She was an audit partner with PwC and led the firm’s services to the not-for-profit sector until 2015. She has over 20 years’ experience with PwC providing a full range of services to charities operating in Ireland. Since 2015, Teresa has continued to work with and provide consulting services to the not-for-profit sector. She is a trustee/director on the board of Social Entrepreneurs Ireland and chair of its audit committee, a member of the audit committee of the National Library of Ireland, and an external member of the finance committee of the Royal College of Surgeons in Ireland.