The Charities SORP - Common Accounting Challenges

Introduction

The nature of charities mean they often undertake transactions that aren’t directly addressed in accounting standards. The Charities SORP aims to bridge such gaps by providing additional requirements and application guidance, but the diversity within the charity sector means there are still challenging areas where the ‘correct’ approach is far from obvious.

This virtual classroom session uses real-life examples to reflect on aspects of charity accounting that are unique to charities and can be challenging to apply in practice.

It is aimed at those involved in the preparation of charity financial statements either in an accountancy practice or within a charity.

What You Will Learn

This live and interactive course will cover the following:

• Summary of the Charities SORP
• The trustees’ annual report
• Accounting for income
• Fund accounting
• Social investments
• Related party and other disclosures
• Future developments

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.