Charities- Approaching the Difficult Accounting Areas

The course is designed to review some of the more complex accounting areas with which charities have to deal.  While there are a number of areas where charity accounts are very similar to those of other entities, the Charities SORP has some very specific and very different approaches which can be a cause for confusion and mistakes.

The session will take a practical look at such matters and use examples and case studies to illustrate the points.

Content will include:

• Income recognition
• Donated goods, facilities and services
• Recognising and allocating costs
• Remuneration disclosures
• Statement of cash flows
• Corporate charities – income and expenditure account
• Grant making activities
• Heritage assets
• Social investments
• Group accounting
• Branches
• Accounting policies, changes in accounting estimates and prior period errors