Accounting for Charities
Charities have different financial statements, different laws governing them, and different aims and mission statements. This course demystifies the accounts of charities and ensures you are equipped to deal with the rules and regulations that apply.
£100 +VAT
Accounting for Charities
£100 +VAT
Accounting for Charities
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Get to grips with the vast and complex rules and regulations governing charities.
- Prepare a statement of financial activities, a balance sheet and cash flow statement.
- Understand the difference between the role of the independent examiner and the auditor, and how independent examinations work.
- Deal with dually registered charities.
- Remain within the law when dealing with clients that are, potentially, breaking them, and report on matters of material significance.
About the course
Regular company accounts and charity accounts are very different. They have different financial statements and different laws governing them. Accounting and audit issues in charities are complex and have become increasingly specialised in recent years.
This course demystifies the accounts of charities and ensures you are equipped to deal with the rules and regulations that apply. It gives an overview of charity reporting and highlights some of the pitfalls to avoid when preparing and approving charity financial statements.
Contents
Frameworks and examinations
Charities Act 2022
Key regulations
Financial reporting framework
Independent examinations
Finding the examiner
Appointing an examiner
The financial statements
More of a statement
The statement of financial activities
Format of the SoFA
The balance sheet
Inspecting the accounts
The cash flow statement
Fund accounting
The role of the independent examiner and auditor
The role of the independent examiner
Independent examinations in England and Wales
Independent examinations in Scotland
Independent examinations in Northern Ireland
Reporting by the examiner
The role of the auditor
Carrying out an audit of a charity
Reporting by the charity’s auditor
Dual registration and other matters
Dual registration
Dealing with dual registration
Anti-money laundering considerations
Reporting matters of material significance
It’s a trap!
Resigning from a charity
How it works
Author
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA”s Practice Network Panel.
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